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

Shares of Intact Financial Co. (OTCMKTS:IFCZF) have earned an average rating of “Buy” from the eight brokerages that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $187.67.

A number of equities analysts have weighed in on the stock. CIBC raised their target price on shares of Intact Financial from C$170.00 to C$188.00 and gave the company an “outperform” rating in a research note on Wednesday, June 2nd. TD Securities raised their target price on shares of Intact Financial from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, May 12th. BMO Capital Markets raised their target price on shares of Intact Financial from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, May 13th. Barclays assumed coverage on shares of Intact Financial in a research note on Wednesday, June 2nd. They set an “overweight” rating for the company. Finally, Scotiabank raised their target price on shares of Intact Financial from C$184.00 to C$190.00 and gave the company an “outperform” rating in a research note on Tuesday, July 13th.

Shares of OTCMKTS IFCZF traded up $1.16 during mid-day trading on Friday, hitting $135.13. 430 shares of the stock traded hands, compared to its average volume of 3,353. Intact Financial has a twelve month low of $101.76 and a twelve month high of $142.23. The firm’s 50 day simple moving average is $136.06.

Intact Financial Company Profile

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 for homes and contents from risks, such as fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences.

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Analyst Recommendations for Intact Financial (OTCMKTS:IFCZF)

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