Intact Financial Co. (OTCMKTS:IFCZF) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Intact Financial Co. (OTCMKTS:IFCZF) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

A number of brokerages recently weighed in on IFCZF. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Intact Financial in a report on Friday, July 10th. TD Securities reiterated a “buy” rating on shares of Intact Financial in a report on Wednesday, July 29th. Scotiabank reiterated an “outperform” rating on shares of Intact Financial in a report on Wednesday, October 7th. Barclays reiterated an “overweight” rating on shares of Intact Financial in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Intact Financial in a research report on Thursday, July 30th.

Intact Financial Stock Up 3.0%

Shares of Intact Financial stock opened at $191.65 on Friday. Intact Financial has a fifty-two week low of $166.68 and a fifty-two week high of $226.09. The business has a fifty day simple moving average of $183.30 and a 200-day simple moving average of $192.42. The firm has a market cap of $33.66 billion and a price-to-earnings ratio of 14.72.

Intact Financial Company Profile

Intact Financial Corporation is a Canada-based provider of property and casualty insurance. Through its subsidiaries and operating brands, the company offers personal, commercial and specialty insurance products covering automobiles, homes, businesses, marine risks and other property and liability exposures.

In Canada, Intact serves customers through broker distribution as well as direct-to-consumer brands, including Intact Insurance and belairdirect. Its operations also include BrokerLink, a network of insurance brokerages, and services supporting claims and property restoration.