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

Shares of Intact Financial Co. (TSE:IFC) have earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$331.09.

IFC has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price objective on shares of Intact Financial from C$343.00 to C$351.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Barclays dropped their price objective on shares of Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Desjardins cut their price objective on shares of 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. TD reduced their price target on Intact Financial from C$347.00 to C$345.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Finally, Canadian Imperial Bank of Commerce decreased their target price on shares of Intact Financial from C$314.00 to C$311.00 in a report on Thursday, July 30th.

Intact Financial Price Performance

Shares of TSE IFC opened at C$262.86 on Friday. The stock has a market cap of C$46.36 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 2.01 and a beta of 0.30. The company has a debt-to-equity ratio of 23.22, a quick ratio of 0.28 and a current ratio of 7.21. Intact Financial has a fifty-two week low of C$242.87 and a fifty-two week high of C$305.52. The firm’s 50-day simple moving average is C$285.32 and its 200 day simple moving average is C$268.77.

Intact Financial (TSE:IFC) last issued its quarterly earnings data on Tuesday, July 28th. The company reported C$4.33 EPS for the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%.The firm had revenue of C$5.94 billion during the quarter. As a group, 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.