Intact Financial Co. (TSE:IFC) Receives Average Rating of “Buy” from Brokerages

Shares of Intact Financial Co. (TSE:IFCGet Rating) have been given an average rating of “Buy” by the fourteen research firms that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$214.21.

Several equities analysts have recently issued reports on the stock. Raymond James raised their price target on shares of Intact Financial from C$206.00 to C$229.00 and gave the company a “strong-buy” rating in a research note on Tuesday, August 2nd. Royal Bank of Canada increased their price objective on shares of Intact Financial from C$216.00 to C$219.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. TD Securities increased their price objective on shares of Intact Financial from C$215.00 to C$220.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Scotiabank raised their price target on shares of Intact Financial from C$195.00 to C$210.00 in a report on Tuesday, August 2nd. Finally, Cormark reduced their price target on shares of Intact Financial from C$210.00 to C$200.00 in a report on Tuesday, August 2nd.

Intact Financial Price Performance

Shares of TSE:IFC opened at C$202.66 on Monday. The company has a market cap of C$35.57 billion and a price-to-earnings ratio of 14.01. The company has a debt-to-equity ratio of 30.85, a current ratio of 0.44 and a quick ratio of 0.27. The firm has a 50 day simple moving average of C$191.18 and a 200 day simple moving average of C$185.11. Intact Financial has a one year low of C$158.00 and a one year high of C$205.40.

Intact Financial (TSE:IFCGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported C$7.29 EPS for the quarter, beating the consensus estimate of C$2.84 by C$4.45. The company had revenue of C$5.34 billion during the quarter. Research analysts predict that Intact Financial will post 13.0401721 earnings per share for the current fiscal year.

Insider Activity at Intact Financial

In related news, Senior Officer Louis Marcotte sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of C$194.91, for a total transaction of C$779,640.00. Following the completion of the transaction, the insider now owns 26,155 shares of the company’s stock, valued at C$5,097,871.05. In other Intact Financial news, Senior Officer Louis Marcotte sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of C$194.91, for a total value of C$779,640.00. Following the completion of the transaction, the insider now owns 26,155 shares of the company’s stock, valued at approximately C$5,097,871.05. Also, Senior Officer Anne Fortin sold 350 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of C$191.39, for a total transaction of C$66,986.50. Following the completion of the transaction, the insider now directly owns 8,936 shares of the company’s stock, valued at approximately C$1,710,261.04.

Intact Financial Company Profile

(Get Rating)

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, Ireland, rest of Europe, and the Middle East. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences.

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Analyst Recommendations for Intact Financial (TSE:IFC)

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