Intact Financial (OTCMKTS:IFCZF) Hits New 12-Month Low – What’s Next?

Shares of Intact Financial Co. (OTCMKTS:IFCZF) hit a new 52-week low during trading on Tuesday. The company traded as low as $174.4230 and last traded at $174.4230, with a volume of 5 shares trading hands. The stock had previously closed at $177.12.

Analysts Set New Price Targets

IFCZF has been the topic of a number of recent research reports. TD Securities reaffirmed a “buy” rating on shares of Intact Financial in a research note on Wednesday, July 29th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Intact Financial in a research report on Thursday, July 30th. Barclays restated an “overweight” rating on shares of Intact Financial in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Intact Financial in a report on Friday, July 10th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Intact Financial in a research report on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Intact Financial Price Performance

The company has a 50 day simple moving average of $193.30 and a 200-day simple moving average of $193.38. The stock has a market capitalization of $30.45 billion and a P/E ratio of 13.31.

About Intact Financial

Intact Financial Corporation is a Canadian property and casualty insurance company headquartered in Toronto, Ontario. Through its insurance subsidiaries, the company provides coverage for individuals, businesses and institutions, with products that include personal and commercial automobile insurance, home and property insurance, liability coverage, and specialty insurance.

Intact serves customers primarily in Canada, the United Kingdom and Ireland, as well as through specialty insurance operations in other international markets.