Brokerages Set Intact Financial Co. (TSE:IFC) PT at C$317.91

Intact Financial Co. (TSE:IFC) has been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$317.91.

Several brokerages have recently weighed in on IFC. Jefferies Financial Group upped their target price on Intact Financial from C$317.00 to C$320.00 in a research report on Thursday, November 6th. Royal Bank Of Canada dropped their target price on shares of Intact Financial from C$324.00 to C$304.00 in a report on Thursday, November 6th. National Bankshares upped their price target on shares of Intact Financial from C$352.00 to C$358.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Scotiabank cut their price objective on shares of Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Finally, Desjardins cut their price objective on Intact Financial from C$335.00 to C$305.00 and set a “buy” rating for the company in a report on Friday, October 24th.

Intact Financial Stock Performance

IFC stock opened at C$282.18 on Wednesday. The firm has a market cap of C$50.14 billion, a P/E ratio of 16.91, a PEG ratio of 2.01 and a beta of 0.10. The stock’s 50 day moving average price is C$268.43 and its 200 day moving average price is C$287.91. Intact Financial has a 1 year low of C$250.28 and a 1 year high of C$317.35.

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.