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

Intact Financial Co. (OTCMKTS:IFCZF) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

IFCZF has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Intact Financial in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Intact Financial in a report on Friday, July 10th. TD Securities reissued a “buy” rating on shares of Intact Financial in a research report on Wednesday, July 29th. Scotiabank restated an “outperform” rating on shares of Intact Financial in a research note on Friday, July 24th. Finally, Barclays reaffirmed an “overweight” rating on shares of Intact Financial in a research report on Wednesday, July 29th.

Intact Financial Stock Up 0.1%

IFCZF opened at $192.98 on Friday. The firm’s 50 day moving average is $202.34 and its 200-day moving average is $194.08. Intact Financial has a 52-week low of $174.43 and a 52-week high of $226.09. The firm has a market capitalization of $34.01 billion and a P/E ratio of 14.83.

About Intact Financial

Intact Financial Corporation is a leading Canadian property and casualty insurance provider offering a broad range of personal and commercial insurance products and services. Its primary operations in Canada are conducted through Intact Insurance and belairdirect, while its specialty insurance business in the United States operates under the OneBeacon Insurance Group brand. The company’s portfolio includes coverage for auto, home, commercial property and casualty, specialty lines, and accident and health, supported by risk management and claims solutions tailored to individuals, small and medium-sized enterprises, and large corporate clients.

Tracing its origins to the Halifax Fire Insurance Association founded in 1809, Intact Financial has expanded through a series of strategic mergers and acquisitions.