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

Shares of Intact Financial Co. (TSE:IFC) have been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$292.64.

IFC has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on shares of Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. Cibc World Mkts lowered shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Raymond James lifted their price objective on shares of Intact Financial from C$290.00 to C$302.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. CIBC upped their target price on 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. Finally, Desjardins lifted their price target on Intact Financial from C$295.00 to C$315.00 and gave the company a “buy” rating in a research note on Thursday, February 13th.

Intact Financial Stock Performance

IFC opened at C$283.60 on Friday. Intact Financial has a 52-week low of C$216.62 and a 52-week high of C$294.35. The firm has a market cap of C$50.45 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The business’s fifty day moving average is C$270.25 and its 200-day moving average is C$265.08.

Insider Activity

In related news, Senior Officer Benoit Morissette sold 6,000 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total value of C$1,722,738.00. 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.