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

Shares of Intact Financial Co. (TSE:IFC) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$292.64.

A number of brokerages recently commented on IFC. BMO Capital Markets increased their price target on Intact Financial from C$290.00 to C$315.00 in a report on Thursday, February 13th. Cibc World Mkts cut Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Raymond James raised their price target on shares of Intact Financial from C$290.00 to C$302.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. TD Securities upped their price target on shares of Intact Financial from C$300.00 to C$324.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, UBS Group raised their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a report on Tuesday, February 18th.

Intact Financial Price Performance

Shares of IFC stock opened at C$281.55 on Tuesday. The company’s fifty day moving average price is C$280.39 and its two-hundred day moving average price is C$269.12. The firm has a market capitalization of C$50.08 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a 12 month low of C$216.62 and a 12 month high of C$298.71.

Insider Buying and Selling

In related news, Senior Officer Benoit Morissette sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. 0.24% of the stock is owned by company insiders.

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.