Intact Financial Co. (TSE:IFC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Intact Financial Co. (TSE:IFC) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$318.10.

A number of research firms have recently issued reports on IFC. TD Securities boosted their target price on Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Jefferies Financial Group decreased their price target on Intact Financial from C$321.00 to C$306.00 in a report on Thursday, February 12th. Finally, Raymond James Financial lowered their price objective on shares of Intact Financial from C$330.00 to C$310.00 in a research report on Wednesday, February 11th.

Intact Financial Price Performance

Shares of IFC opened at C$254.01 on Tuesday. The company has a debt-to-equity ratio of 25.21, a quick ratio of 0.28 and a current ratio of 6.11. Intact Financial has a fifty-two week low of C$244.01 and a fifty-two week high of C$317.35. The firm has a 50-day simple moving average of C$259.03 and a 200-day simple moving average of C$269.07. The company has a market capitalization of C$45.10 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 2.01 and a beta of 0.31.

Intact Financial (TSE:IFC) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$5.40 earnings per share (EPS) for the quarter. Intact Financial had a return on equity of 17.09% and a net margin of 12.91%.The firm had revenue of C$7.10 billion for the quarter. On average, equities research analysts anticipate that Intact Financial will post 16.1721014 earnings per share for the current year.

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. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.