Intact Financial Co. (TSE:IFC) Receives Average Recommendation of “Moderate Buy” from Analysts

Intact Financial Co. (TSE:IFC) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$322.18.

Several research firms have commented on IFC. Barclays raised their target price on shares of Intact Financial from C$322.00 to C$327.00 in a report on Wednesday, May 6th. Raymond James Financial decreased their target price on shares of Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Jefferies Financial Group raised their target price on shares of Intact Financial from C$306.00 to C$324.00 in a report on Monday, May 4th. TD decreased their target price on shares of Intact Financial from C$354.00 to C$347.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Desjardins decreased their target price on shares of Intact Financial from C$305.00 to C$300.00 and set a “buy” rating on the stock in a report on Monday, April 27th.

Intact Financial Stock Down 1.8%

IFC stock opened at C$248.65 on Wednesday. Intact Financial has a 12 month low of C$242.87 and a 12 month high of C$317.35. The firm has a market cap of C$43.96 billion, a P/E ratio of 13.24, a P/E/G ratio of 2.01 and a beta of 0.33. The company’s 50-day moving average price is C$254.11 and its two-hundred day moving average price is C$265.65.

Intact Financial (TSE:IFC) last released its earnings results on Tuesday, May 5th. The company reported C$4.61 EPS for the quarter. Intact Financial had a net margin of 12.76% and a return on equity of 16.93%. The firm had revenue of C$5.83 billion for the quarter. Equities analysts predict that Intact Financial will post 16.1721014 EPS for the current 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.