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

Intact Financial Co. (OTCMKTS:IFCZF) has been given a consensus recommendation of “Buy” by the six brokerages that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation.

Several research firms have recently weighed in on IFCZF. Scotiabank restated an “outperform” rating on shares of Intact Financial in a research note on Friday, January 30th. Barclays reissued an “overweight” rating on shares of Intact Financial in a research report on Wednesday, November 5th. Jefferies Financial Group raised Intact Financial to a “buy” rating in a research report on Tuesday, October 21st. Finally, National Bankshares reiterated an “outperform” rating on shares of Intact Financial in a research note on Monday, October 27th.

Intact Financial Stock Performance

Shares of IFCZF opened at $192.63 on Thursday. The company’s fifty day simple moving average is $198.58 and its 200 day simple moving average is $198.58. Intact Financial has a 1-year low of $180.00 and a 1-year high of $256.31.

Intact Financial Company Profile

Intact Financial Corporation is a leading Canadian property and casualty insurance provider offering a broad range of personal and commercial insurance products and services. Its primary operations in Canada are conducted through Intact Insurance and belairdirect, while its specialty insurance business in the United States operates under the OneBeacon Insurance Group brand. The company’s portfolio includes coverage for auto, home, commercial property and casualty, specialty lines, and accident and health, supported by risk management and claims solutions tailored to individuals, small and medium-sized enterprises, and large corporate clients.

Tracing its origins to the Halifax Fire Insurance Association founded in 1809, Intact Financial has expanded through a series of strategic mergers and acquisitions.