Intact Financial Co. (IFC) Given Average Recommendation of “Buy” by Brokerages

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Shares of Intact Financial Co. (TSE:IFC) have been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$111.40.

Several research analysts recently commented on IFC shares. National Bank Financial increased their price objective on Intact Financial from C$103.00 to C$106.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 7th. CIBC increased their price objective on Intact Financial from C$110.00 to C$115.00 in a research note on Wednesday, November 7th. TD Securities increased their price objective on Intact Financial from C$115.00 to C$120.00 and gave the company a “buy” rating in a research note on Wednesday, November 7th. Royal Bank of Canada reduced their price objective on Intact Financial from C$117.00 to C$115.00 and set an “average” rating for the company in a research note on Tuesday, January 15th. Finally, Raymond James increased their price objective on Intact Financial from C$109.00 to C$110.00 and gave the company an “outperform” rating in a research note on Friday, October 26th.

Shares of IFC stock traded down C$1.02 during trading hours on Friday, hitting C$102.69. 190,200 shares of the company’s stock were exchanged, compared to its average volume of 228,581. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 27.76. Intact Financial has a fifty-two week low of C$91.65 and a fifty-two week high of C$109.17.

Intact Financial (TSE:IFC) last announced its earnings results on Tuesday, November 6th. The company reported C$1.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.59 by C$0.03. The business had revenue of C$2.68 billion for the quarter, compared to analyst estimates of C$2.55 billion. Analysts expect that Intact Financial will post 7.36999960167983 EPS for the current year.

About Intact Financial

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

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Analyst Recommendations for Intact Financial (TSE:IFC)

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