Intact Financial Co. (TSE:IFC) Given Average Rating of “Moderate Buy” by Brokerages

Intact Financial Co. (TSE:IFC) has been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$325.45.

Several equities analysts recently issued reports on IFC shares. Canadian Imperial Bank of Commerce upped their price objective on shares of Intact Financial from C$288.00 to C$314.00 in a research note on Friday, July 10th. Royal Bank Of Canada lifted their target price on shares of Intact Financial from C$289.00 to C$299.00 and gave the stock a “sector perform” rating in a research note on Monday, July 13th. Desjardins cut their price target on Intact Financial from C$305.00 to C$300.00 and set a “buy” rating for the company in a report on Monday, April 27th. Jefferies Financial Group increased their price target on Intact Financial from C$306.00 to C$324.00 in a research note on Monday, May 4th. Finally, National Bank Financial raised their price objective on Intact Financial from C$364.00 to C$372.00 in a report on Wednesday, April 29th.

Intact Financial Price Performance

TSE:IFC opened at C$293.46 on Monday. The firm has a market cap of C$51.88 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 2.01 and a beta of 0.29. The company has a current ratio of 1.69, a quick ratio of 0.28 and a debt-to-equity ratio of 23.33. The company’s 50-day moving average is C$283.89 and its two-hundred day moving average is C$267.27. Intact Financial has a 12-month low of C$242.87 and a 12-month high of C$310.84.

Intact Financial (TSE:IFC) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share (EPS) for the quarter. The company had revenue of C$5.83 billion for the quarter. Intact Financial had a net margin of 12.76% and a return on equity of 16.93%. Research analysts expect that Intact Financial will post 16.1721014 EPS for the current year.

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. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.