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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Intact Financial, with eight buy ratings and two holds. The average 12-month price target is C$331.09, above the current share price of C$272.58.
• Recent broker updates were generally positive: National Bank Financial raised its target to C$379, while Jefferies increased its target to C$351; TD and RBC also maintain buy and sector-perform ratings, respectively.
• Intact Financial reported quarterly revenue of C$5.94 billion and earnings of C$4.33 per share, alongside a 12.04% net margin and 15.73% return on equity.

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$331.09.

IFC has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Intact Financial from C$299.00 to C$308.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 30th. TD reduced their price objective on Intact Financial from C$347.00 to C$345.00 and set a "buy" rating for the company in a research note on Wednesday, July 29th. National Bank Financial raised their target price on Intact Financial from C$372.00 to C$379.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Raymond James Financial lowered their target price on Intact Financial from C$310.00 to C$305.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group boosted their price target on shares of Intact Financial from C$343.00 to C$351.00 and gave the stock a "buy" rating in a report on Monday, July 27th.

Intact Financial Trading Down 0.6%

TSE IFC opened at C$272.58 on Friday. The company has a current ratio of 7.21, a quick ratio of 0.28 and a debt-to-equity ratio of 23.22. The business has a fifty day simple moving average of C$286.79 and a 200 day simple moving average of C$268.26. Intact Financial has a 12 month low of C$242.87 and a 12 month high of C$305.52. The firm has a market capitalization of C$48.07 billion, a P/E ratio of 15.16, a PEG ratio of 2.01 and a beta of 0.30.

Intact Financial (TSE:IFC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$4.33 earnings per share (EPS) for the quarter. Intact Financial had a net margin of 12.04% and a return on equity of 15.73%. The firm had revenue of C$5.94 billion for the quarter. On average, analysts predict that Intact Financial will post 16.1721014 EPS for the current fiscal 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.

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