Intact Financial Co. (TSE:IFC) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Intact Financial Co. has an average analyst rating of "Moderate Buy" from eight analysts, with five recommending a buy and three suggesting to hold the stock.
• The consensus 1-year price target for Intact Financial's stock is C$322.20, reflecting various price objective adjustments from multiple banks.
• As of the latest trading data, Intact Financial's stock opened at C$266.85, with a market cap of C$47.59 billion and a 1-year high of C$317.35.

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$322.20.

IFC has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price objective on shares of Intact Financial from C$329.00 to C$324.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 31st. BMO Capital Markets lifted their price objective on shares of Intact Financial from C$330.00 to C$335.00 in a research report on Friday, July 11th. National Bankshares lifted their price objective on shares of Intact Financial from C$341.00 to C$350.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. Finally, Scotiabank lifted their price objective on shares of Intact Financial from C$318.00 to C$325.00 in a research report on Wednesday, July 23rd.

Intact Financial Stock Performance

Intact Financial stock opened at C$266.85 on Tuesday. The firm has a market cap of C$47.59 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 2.01 and a beta of 0.13. Intact Financial has a 1 year low of C$250.28 and a 1 year high of C$317.35. The firm's 50 day moving average price is C$283.21 and its two-hundred day moving average price is C$293.28.

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.

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