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

Shares of Intact Financial Co. (OTCMKTS:IFCZF) gapped up before the market opened on Thursday . The stock had previously closed at $187.16, but opened at $196.50. Intact Financial shares last traded at $196.50, with a volume of 853 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IFCZF shares. National Bankshares reaffirmed an “outperform” rating on shares of Intact Financial in a report on Monday, October 27th. Jefferies Financial Group upgraded shares of Intact Financial to a “buy” rating in a research report on Tuesday, October 21st. Scotiabank restated an “outperform” rating on shares of Intact Financial in a report on Friday, January 30th. Finally, Barclays reiterated an “overweight” rating on shares of Intact Financial in a research report on Wednesday, November 5th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Intact Financial presently has an average rating of “Buy”.

Intact Financial Stock Performance

The company has a 50-day moving average of $198.58 and a two-hundred day moving average of $198.58.

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.