Intact Financial Co. (TSE:IFC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Intact Financial Co. (TSE:IFC) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$331.09.

A number of analysts recently weighed in on the stock. National Bank Financial raised their price target on shares of Intact Financial from C$372.00 to C$379.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Scotiabank dropped their target price on shares of Intact Financial from C$330.00 to C$325.00 and set a “sector outperform” rating for the company in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce lowered their price target on Intact Financial from C$314.00 to C$311.00 in a research note on Thursday, July 30th. TD lowered their price objective on shares of Intact Financial from C$347.00 to C$345.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group increased their price target on Intact Financial from C$343.00 to C$351.00 and gave the stock a “buy” rating in a report on Monday, July 27th.

Intact Financial Price Performance

Shares of IFC stock opened at C$257.52 on Tuesday. The stock’s fifty day moving average is C$278.76 and its 200-day moving average is C$269.15. The company has a debt-to-equity ratio of 23.22, a quick ratio of 0.28 and a current ratio of 7.21. The stock has a market capitalization of C$45.41 billion, a PE ratio of 14.32, a PEG ratio of 2.01 and a beta of 0.26. Intact Financial has a 52 week low of C$242.87 and a 52 week high of C$305.52.

Intact Financial (TSE:IFC) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C$4.33 earnings per share (EPS) for the quarter. Intact Financial had a net margin of 12.04% and a return on equity of 15.73%. The business had revenue of C$5.94 billion for the quarter. Equities research analysts expect that Intact Financial will post 16.1721014 EPS for the current fiscal year.

Intact Financial Company Profile

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.