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

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$310.90.

A number of research analysts have weighed in on IFC shares. CIBC boosted their price objective on shares of Intact Financial from C$290.00 to C$300.00 in a research report on Friday, April 25th. BMO Capital Markets upped their price target on shares of Intact Financial from C$290.00 to C$315.00 in a report on Thursday, February 13th. Cibc World Mkts downgraded shares of Intact Financial from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 29th. National Bankshares raised their price target on shares of Intact Financial from C$336.00 to C$341.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, TD Securities raised their price target on shares of Intact Financial from C$328.00 to C$349.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th.

Intact Financial Stock Up 1.9%

Intact Financial stock opened at C$304.90 on Wednesday. Intact Financial has a 52-week low of C$218.58 and a 52-week high of C$311.29. The company has a market cap of C$54.24 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.01 and a beta of 0.57. The firm's fifty day moving average is C$291.58 and its 200 day moving average is C$276.82.

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.

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