Intact Financial Co. (TSE:IFC) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$295.09.

Several equities research analysts have recently weighed in on the company. Scotiabank upped their price objective on Intact Financial from C$295.00 to C$298.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. National Bankshares boosted their price target on shares of Intact Financial from C$299.00 to C$305.00 and gave the company an "outperform" rating in a research report on Wednesday. BMO Capital Markets lifted their target price on shares of Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. TD Securities increased their price target on Intact Financial from C$300.00 to C$324.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group increased their target price on Intact Financial from C$201.00 to C$289.00 in a report on Monday, April 21st.

Intact Financial Trading Up 0.0 %

IFC stock traded up C$0.02 during midday trading on Friday, hitting C$306.19. The stock had a trading volume of 24,008 shares, compared to its average volume of 298,311. The stock has a 50-day simple moving average of C$287.24 and a 200 day simple moving average of C$273.57. The firm has a market capitalization of C$54.47 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a 52 week low of C$218.58 and a 52 week high of C$307.10.

Insider Activity at Intact Financial

In other Intact Financial news, Senior Officer Benoit Morissette sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. 0.24% of the stock is owned by corporate insiders.

About Intact Financial

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space.