Intact Financial (OTCMKTS:IFCZF) Shares Gap Up – What’s Next?

Shares of Intact Financial Co. (OTCMKTS:IFCZF) gapped up prior to trading on Thursday . The stock had previously closed at $187.8850, but opened at $197.07. Intact Financial shares last traded at $197.07, with a volume of 4 shares trading hands.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Scotiabank reissued an “outperform” rating on shares of Intact Financial in a research note on Friday, January 30th. TD Securities reaffirmed a “buy” rating on shares of Intact Financial in a research note on Wednesday, February 11th. Finally, Barclays reaffirmed an “overweight” rating on shares of Intact Financial in a research report on Wednesday, November 5th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Intact Financial presently has a consensus rating of “Buy”.

Intact Financial Stock Down 0.8%

The stock’s fifty day simple moving average is $194.20 and its two-hundred day simple moving average is $195.91.

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

About Intact Financial

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.