Brokerages Set Intact Financial Co. (TSE:IFC) PT at C$310.90

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

Several equities research analysts recently weighed in on IFC shares. TD Securities raised their price target on shares of Intact Financial from C$328.00 to C$349.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. National Bankshares raised their price target on shares of Intact Financial from C$336.00 to C$341.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Scotiabank raised their price target on shares of Intact Financial from C$298.00 to C$305.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Jefferies Financial Group raised their price target on shares of Intact Financial from C$201.00 to C$289.00 in a research report on Monday, April 21st. Finally, Desjardins raised their price target on shares of Intact Financial from C$320.00 to C$330.00 and gave the company a "buy" rating in a research report on Thursday, May 8th.

Intact Financial Trading Down 0.3%

IFC traded down C$0.92 during midday trading on Friday, reaching C$309.50. The company's stock had a trading volume of 188,610 shares, compared to its average volume of 288,005. The firm has a market capitalization of C$55.06 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 2.01 and a beta of 0.57. Intact Financial has a 1 year low of C$218.58 and a 1 year high of C$315.99. The stock's 50-day moving average is C$300.11 and its 200-day moving average is C$281.74.

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.