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

Shares of Intact Financial Co. (TSE:IFC) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$322.18.

A number of analysts recently weighed in on IFC shares. 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. Barclays upped 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. Royal Bank Of Canada decreased their target price on shares of Intact Financial from C$304.00 to C$289.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Finally, National Bank Financial upped their target price on shares of Intact Financial from C$364.00 to C$372.00 in a report on Wednesday, April 29th.

Intact Financial Stock Performance

Intact Financial stock opened at C$292.50 on Thursday. The firm’s 50 day simple moving average is C$269.33 and its 200 day simple moving average is C$265.59. The company has a current ratio of 1.69, a quick ratio of 0.28 and a debt-to-equity ratio of 23.33. The firm has a market capitalization of C$51.71 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 2.01 and a beta of 0.32. Intact Financial has a 1-year low of C$242.87 and a 1-year high of C$317.35.

Intact Financial (TSE:IFC) last posted its earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share for the quarter. The business had revenue of C$5.83 billion for the quarter. Intact Financial had a net margin of 12.76% and a return on equity of 16.93%. As a group, analysts expect that Intact Financial will post 16.1721014 earnings per share for the current fiscal 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.