Intact Financial Co. (TSE:IFC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Intact Financial Co. (TSE:IFC) have received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$312.55.

Several equities analysts have weighed in on the company. Royal Bank Of Canada upgraded Intact Financial to a “hold” rating and set a C$329.00 price target for the company in a report on Wednesday. Desjardins raised their price target on Intact Financial from C$320.00 to C$330.00 and gave the company a “buy” rating in a report on Thursday, May 8th. CIBC raised their price target on Intact Financial from C$290.00 to C$300.00 in a report on Friday, April 25th. National Bankshares raised their price target on Intact Financial from C$336.00 to C$341.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Finally, TD Securities lifted their target price on Intact Financial from C$328.00 to C$349.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th.

Insider Transactions at Intact Financial

In related news, Director Timothy Michael Miller sold 13,028 shares of the business’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of C$309.88, for a total transaction of C$4,037,064.53. Company insiders own 0.24% of the company’s stock.

Intact Financial Price Performance

TSE IFC opened at C$305.34 on Friday. The stock has a market capitalization of C$54.32 billion, a PE ratio of 23.64, a P/E/G ratio of 2.01 and a beta of 0.57. The business has a 50 day simple moving average of C$302.79 and a two-hundred day simple moving average of C$283.07. Intact Financial has a 1-year low of C$219.53 and a 1-year high of C$315.99.

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.