Intact Financial Co. (TSE:IFC) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$312.55.

IFC has been the subject of several analyst reports. Scotiabank upped their target price on Intact Financial from C$298.00 to C$305.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Royal Bank Of Canada raised shares of Intact Financial to a "hold" rating and set a C$329.00 target price for the company in a research note on Wednesday, June 18th. Jefferies Financial Group boosted their price target on shares of Intact Financial from C$201.00 to C$289.00 in a research note on Monday, April 21st. CIBC increased their price objective on shares of Intact Financial from C$290.00 to C$300.00 in a research report on Friday, April 25th. Finally, TD Securities upped their price target on 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.

Insider Buying and Selling at Intact Financial

In related news, Director Timothy Michael Miller sold 13,028 shares of Intact Financial stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of C$309.88, for a total value of C$4,037,064.53. Insiders own 0.24% of the company's stock.

Intact Financial Price Performance

IFC traded up C$0.19 on Thursday, reaching C$309.00. 271,923 shares of the company's stock were exchanged, compared to its average volume of 285,025. Intact Financial has a twelve month low of C$235.81 and a twelve month high of C$317.35. The stock has a market cap of C$54.97 billion, a PE ratio of 23.93, a P/E/G ratio of 2.01 and a beta of 0.57. The stock's fifty day moving average price is C$306.90 and its 200-day moving average price is C$287.16.

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.