Intact Financial Co. (TSE:IFC) Receives Consensus “Buy” Rating from Analysts
Intact Financial Co. (TSE: IFC) received an average “buy” recommendation from the thirteen brokerages that currently cover the company, MarketBeat reports. Eight analysts rated the stock with a buy recommendation and two gave the company a strong buy recommendation. The 12-month average price target among brokers who have covered the stock over the past year is C$198.40.
Several research analysts have recently weighed in on the stock. UBS Group raised its price target on Intact Financial shares from C$187.00 to C$190.00 and gave the company a “Strong Buy” rating in a Wednesday, January 12, report. Scotiabank raised its price target on shares of Intact Financial from C$196.00 to C$198.00 in a report released Thursday. Royal Bank of Canada lowered its price target on Intact Financial shares from C$197.00 to C$195.00 and set an ‘outperform’ rating for the company in a Wednesday, October 13 report . Cormark raised its price target on Intact Financial shares from C$187.00 to C$197.00 and gave the company a “buy” rating in a report released Thursday. Finally, BMO Capital Markets raised its price target on Intact Financial shares from C$200.00 to C$205.00 in a report released on Friday, November 12.
Shares of Intact Financial opened at C$175.13 on Friday. The company has a debt ratio of 37.08, a quick ratio of 0.29 and a current ratio of 0.47. The company has a 50-day simple moving average of C$164.34 and a 200-day simple moving average of C$167.71. Intact Financial has a 52-week low of CA$140.50 and a 52-week high of CA$178.28. The stock has a market capitalization of C$30.84 billion and a PE ratio of 15.87.
Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, November 9. The company reported earnings per share of C$2.87 for the quarter, beating the consensus estimate of C$1.95 by C$0.92. The company posted revenue of C$5.35 billion for the quarter. As a group, equity research analysts expect Intact Financial to post EPS of 11.0999999 for the current fiscal 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; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles and all-terrain vehicles; personal property insurance, such as protection of homes and their contents against risks, such as fire, theft, vandalism, water damage and other damage, as well as personal liability coverage ; and property coverage for renters, condominium owners, non-owner occupied residences and seasonal residences.
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