Intact Financial (TSE:IFC - Get Free Report) had its price objective lifted by investment analysts at Scotiabank from C$318.00 to C$325.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Scotiabank's price objective points to a potential upside of 6.50% from the stock's current price.
Several other analysts have also recently commented on IFC. BMO Capital Markets raised their target price on shares of Intact Financial from C$330.00 to C$335.00 in a research note on Friday, July 11th. Jefferies Financial Group raised their price objective on shares of Intact Financial from C$201.00 to C$289.00 in a research note on Monday, April 21st. Desjardins raised their price objective on shares of Intact Financial from C$320.00 to C$330.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. TD Securities raised their price objective on shares of Intact Financial from C$328.00 to C$349.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada upgraded shares of Intact Financial to a "hold" rating and set a C$329.00 price objective for the company in a research note on Wednesday, June 18th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$316.18.
Check Out Our Latest Stock Report on IFC
Intact Financial Trading Up 0.8%
Shares of TSE IFC traded up C$2.43 during mid-day trading on Wednesday, reaching C$305.15. The company had a trading volume of 212,659 shares, compared to its average volume of 279,407. The stock has a market cap of C$54.28 billion, a P/E ratio of 23.63, a PEG ratio of 2.01 and a beta of 0.57. The firm has a 50 day simple moving average of C$307.96 and a two-hundred day simple moving average of C$290.86. Intact Financial has a 52-week low of C$240.37 and a 52-week high of C$317.35.
Insider Transactions at Intact Financial
In related news, Director Timothy Michael Miller sold 13,028 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of C$309.88, for a total value of C$4,037,064.53. 0.24% of the stock is owned by corporate insiders.
Intact Financial Company Profile
(
Get Free Report)
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.
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