Intact Financial Co. (TSE:IFC) Receives C$312.55 Average PT from Brokerages

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$314.36.

A number of brokerages have commented on IFC. Raymond James Financial increased their target price on Intact Financial from C$302.00 to C$330.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Royal Bank Of Canada raised Intact Financial to a "hold" rating and set a C$329.00 target price for the company in a report on Wednesday, June 18th. BMO Capital Markets increased their target price on Intact Financial from C$330.00 to C$335.00 in a report on Friday. CIBC increased their target price on Intact Financial from C$290.00 to C$300.00 in a report on Friday, April 25th. Finally, Desjardins increased their target price on Intact Financial from C$320.00 to C$330.00 and gave the company a "buy" rating in a report on Thursday, May 8th.

Intact Financial Price Performance

TSE IFC traded up C$0.37 during trading hours on Thursday, reaching C$309.37. The company's stock had a trading volume of 125,489 shares, compared to its average volume of 283,825. The firm has a market capitalization of C$55.03 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a 1-year low of C$236.46 and a 1-year high of C$317.35. The company's 50-day moving average is C$307.07 and its two-hundred day moving average is C$287.95.

Insider Activity at Intact Financial

In related news, Director Timothy Michael Miller sold 13,028 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of C$309.88, for a total value of C$4,037,064.53. Corporate insiders own 0.24% of the company's stock.

Intact Financial Company Profile

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.