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

Intact Financial Co. (TSE:IFC) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$329.75.

A number of equities analysts have recently weighed in on IFC shares. Barclays lowered their target price on Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. TD decreased their price target on shares of Intact Financial from C$347.00 to C$345.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Scotiabank lowered their price objective on shares of Intact Financial from C$330.00 to C$325.00 and set a “sector outperform” rating on the stock in a report on Thursday, July 30th. Royal Bank Of Canada raised their price objective on shares of Intact Financial from C$299.00 to C$308.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on shares of Intact Financial from C$314.00 to C$311.00 in a report on Thursday, July 30th.

Intact Financial Stock Performance

Shares of Intact Financial stock opened at C$238.72 on Friday. Intact Financial has a one year low of C$236.92 and a one year high of C$305.52. The firm has a market capitalization of C$42.10 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 2.01 and a beta of 0.45. The business has a 50-day simple moving average of C$262.63 and a 200 day simple moving average of C$268.43. The company has a debt-to-equity ratio of 23.22, a current ratio of 7.21 and a quick ratio of 0.28.

Intact Financial (TSE:IFC) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C$4.33 earnings per share (EPS) for the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%.The business had revenue of C$5.94 billion for the quarter. On average, research analysts anticipate 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.