Intact Financial Co. (TSE:IFC) Receives C$322.20 Average Target Price from Analysts

Shares of Intact Financial Co. (TSE:IFC) have earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$322.20.

Several equities analysts recently commented on the stock. Barclays raised shares of Intact Financial to a “strong-buy” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada dropped their price objective on shares of Intact Financial from C$329.00 to C$324.00 and set a “sector perform” rating for the company in a research report on Thursday, July 31st. National Bankshares increased their price objective on shares of Intact Financial from C$341.00 to C$350.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. BMO Capital Markets increased their price objective on shares of Intact Financial from C$330.00 to C$335.00 in a research report on Friday, July 11th. Finally, Scotiabank increased their price objective on shares of Intact Financial from C$318.00 to C$325.00 in a research report on Wednesday, July 23rd.

Intact Financial Stock Performance

Shares of IFC stock opened at C$254.83 on Friday. Intact Financial has a one year low of C$250.28 and a one year high of C$317.35. The company has a 50 day moving average price of C$271.63 and a 200 day moving average price of C$290.51. The firm has a market capitalization of C$45.45 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 2.01 and a beta of 0.14.

About Intact Financial

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.