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

Intact Financial Co. (OTCMKTS:IFCZF) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

IFCZF has been the topic of a number of recent analyst reports. Scotiabank restated an “outperform” rating on shares of Intact Financial in a research note on Friday, July 24th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Intact Financial in a research note on Thursday, July 30th. TD Securities reissued a “buy” rating on shares of Intact Financial in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Intact Financial in a research note on Friday, July 10th. Finally, Barclays reaffirmed an “overweight” rating on shares of Intact Financial in a report on Wednesday, July 29th.

Intact Financial Price Performance

OTCMKTS IFCZF opened at $192.98 on Friday. The company has a market capitalization of $34.01 billion and a price-to-earnings ratio of 14.83. Intact Financial has a 12 month low of $174.43 and a 12 month high of $226.09. The company’s fifty day moving average price is $202.34 and its two-hundred day moving average price is $194.08.

About Intact Financial

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.