Intact Financial (OTCMKTS:IFCZF) Shares Gap Up – Still a Buy?

Intact Financial Co. (OTCMKTS:IFCZF)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $171.57, but opened at $178.70. Intact Financial shares last traded at $178.4160, with a volume of 381 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Scotiabank restated an “outperform” rating on shares of Intact Financial in a research note on Wednesday, October 7th. Barclays reiterated an “overweight” rating on shares of Intact Financial in a research note on Wednesday, July 29th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Intact Financial in a research note on Friday, July 10th. TD Securities reiterated a “buy” rating on shares of Intact Financial in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Intact Financial in a research note on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Intact Financial Stock Up 0.4%

The company’s 50 day simple moving average is $184.66 and its two-hundred day simple moving average is $192.20. The company has a market capitalization of $31.24 billion and a price-to-earnings ratio of 13.67.

About Intact Financial

Intact Financial Corporation is a Canadian property and casualty insurance company headquartered in Toronto, Ontario. Through its insurance subsidiaries, the company provides coverage for individuals, businesses and institutions, with products that include personal and commercial automobile insurance, home and property insurance, liability coverage, and specialty insurance.

Intact serves customers primarily in Canada, the United Kingdom and Ireland, as well as through specialty insurance operations in other international markets.