Analysts Set Intact Financial Co. (TSE:IFC) Target Price at C$322.20

Key Points

• Intact Financial Co. has received a consensus rating of "Moderate Buy" from eight analysts, with an average 1-year price target of C$322.20.
• Analyst target prices for Intact Financial have varied, with Scotiabank raising its target to C$325.00 and TD Securities increasing it to C$349.00.
• Insider activity includes the sale of 13,028 shares by Director Timothy Michael Miller, with a total transaction value of over C$4 million.

Intact Financial Co. (TSE:IFC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$322.20.

Several equities research analysts have commented on IFC shares. Scotiabank boosted their target price on shares of Intact Financial from C$318.00 to C$325.00 in a research report on Wednesday, July 23rd. Desjardins lifted their price target on Intact Financial from C$320.00 to C$330.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Raymond James Financial upped their price objective 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. National Bankshares raised their target price on Intact Financial from C$341.00 to C$350.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Finally, TD Securities increased their price target on Intact Financial from C$328.00 to C$349.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th.

Insider Buying and Selling

In other news, Director Timothy Michael Miller sold 13,028 shares of Intact Financial stock in a transaction on Thursday, June 12th. The shares were sold at an average price of C$309.88, for a total transaction of C$4,037,064.53. Insiders own 0.24% of the company's stock.

Intact Financial Price Performance

Intact Financial stock traded down C$0.91 during trading hours on Friday, reaching C$275.03. The stock had a trading volume of 311,018 shares, compared to its average volume of 302,879. The stock has a market cap of C$49.05 billion, a PE ratio of 21.11, a PEG ratio of 2.01 and a beta of 0.17. The company has a fifty day simple moving average of C$295.15 and a 200-day simple moving average of C$294.47. Intact Financial has a 52 week low of C$249.45 and a 52 week high of C$317.35.

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.