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

Intact Financial Co. (TSE:IFC) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$292.64.

Several equities research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a report on Tuesday, February 18th. TD Securities increased their price objective on shares of Intact Financial from C$300.00 to C$324.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Desjardins boosted their target price on Intact Financial from C$295.00 to C$315.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Cibc World Mkts lowered Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, CIBC boosted their price objective on Intact Financial from C$280.00 to C$290.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th.

Intact Financial Price Performance

Shares of Intact Financial stock opened at C$281.55 on Tuesday. Intact Financial has a 1-year low of C$216.62 and a 1-year high of C$298.71. The company has a market capitalization of C$50.08 billion, a P/E ratio of 21.80, a PEG ratio of 2.01 and a beta of 0.57. The business’s fifty day moving average price is C$280.39 and its two-hundred day moving average price is C$269.12.

Insider Buying and Selling

In other news, Senior Officer Benoit Morissette sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total value of C$1,722,738.00. Company insiders own 0.24% of the company’s stock.

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.