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

Shares of Intact Financial Co. (TSE:IFC) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$292.64.

IFC has been the topic of several recent research reports. CIBC increased their price objective on shares of Intact Financial from C$280.00 to C$290.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Raymond James lifted their price target on shares of Intact Financial from C$290.00 to C$302.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Jefferies Financial Group boosted their price target on Intact Financial from C$284.00 to C$301.00 in a report on Thursday, February 13th. Desjardins raised their price objective on Intact Financial from C$295.00 to C$315.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets boosted their price objective on Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th.

Intact Financial Stock Performance

IFC stock opened at C$294.01 on Tuesday. The company has a market cap of C$52.30 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 2.01 and a beta of 0.57. The business’s 50-day moving average is C$277.68 and its two-hundred day moving average is C$268.16. Intact Financial has a fifty-two week low of C$216.62 and a fifty-two week high of C$295.31.

Insider Activity

In other news, Senior Officer Benoit Morissette sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. Company insiders own 0.24% of the company’s stock.

About Intact Financial

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.