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

Key Points

• Intact Financial Co. has received an average analyst rating of "Moderate Buy", with three analysts recommending a hold, five a buy, and one a strong buy.
• The current average 12-month price target for the stock is C$322.20, with several analysts recently updating their price targets.
• Intact Financial's shares opened at C$258.62 and have a market capitalization of C$46.12 billion, highlighting its significant presence in the property and casualty insurance sector.

Intact Financial Co. (TSE:IFC - Get Free Report) has been given an average rating of "Moderate Buy" by the nine analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$322.20.

Several analysts have issued reports on the stock. Scotiabank upped their price target on shares of Intact Financial from C$318.00 to C$325.00 in a report on Wednesday, July 23rd. National Bankshares upped their price target on shares of Intact Financial from C$341.00 to C$350.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Barclays raised shares of Intact Financial to a "strong-buy" rating in a report on Tuesday, September 30th. Royal Bank Of Canada reduced their price target on shares of Intact Financial from C$329.00 to C$324.00 and set a "sector perform" rating on the stock in a report on Thursday, July 31st. Finally, BMO Capital Markets boosted their price objective on shares of Intact Financial from C$330.00 to C$335.00 in a research report on Friday, July 11th.

Intact Financial Price Performance

Shares of TSE IFC opened at C$258.62 on Friday. Intact Financial has a 12-month low of C$250.28 and a 12-month high of C$317.35. The company has a market capitalization of C$46.12 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 2.01 and a beta of 0.14. The firm's 50-day moving average is C$272.11 and its two-hundred day moving average is C$290.74.

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.

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