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.
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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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