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

Intact Financial Co. (OTCMKTS:IFCZF) has been given a consensus rating of “Buy” by the six ratings firms that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation.

IFCZF has been the subject of several research analyst reports. Barclays restated an “overweight” rating on shares of Intact Financial in a report on Wednesday, November 5th. Scotiabank restated an “outperform” rating on shares of Intact Financial in a research note on Friday, January 30th. Finally, TD Securities reissued a “buy” rating on shares of Intact Financial in a report on Wednesday, February 11th.

Intact Financial Price Performance

Shares of OTCMKTS IFCZF opened at $195.25 on Monday. The stock’s 50-day simple moving average is $195.28 and its 200-day simple moving average is $196.12. Intact Financial has a fifty-two week low of $180.00 and a fifty-two week high of $256.31.

Intact Financial (OTCMKTS:IFCZF) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $3.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.65 by ($0.70). The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $5.93 billion.

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.