Intact Financial (TSE:IFC - Free Report) had its price target hoisted by BMO Capital Markets from C$330.00 to C$335.00 in a research note published on Friday,BayStreet.CA reports.
Several other analysts also recently weighed in on the stock. Jefferies Financial Group boosted their price target on shares of Intact Financial from C$201.00 to C$289.00 in a research note on Monday, April 21st. Royal Bank Of Canada raised shares of Intact Financial to a "hold" rating and set a C$329.00 price target for the company in a research note on Wednesday, June 18th. TD Securities boosted their price target on shares of Intact Financial from C$328.00 to C$349.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Desjardins boosted their price target on shares of Intact Financial from C$320.00 to C$330.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Scotiabank boosted their price target on shares of Intact Financial from C$298.00 to C$305.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$314.36.
Check Out Our Latest Research Report on IFC
Intact Financial Stock Down 0.5%
Shares of TSE IFC traded down C$1.58 during mid-day trading on Friday, reaching C$307.79. 162,520 shares of the company were exchanged, compared to its average volume of 282,920. Intact Financial has a 52 week low of C$236.68 and a 52 week high of C$317.35. The stock has a market capitalization of C$54.75 billion, a PE ratio of 23.83, a PEG ratio of 2.01 and a beta of 0.57. The company's 50 day moving average price is C$307.09 and its 200 day moving average price is C$288.43.
Insider Activity at Intact Financial
In other news, Director Timothy Michael Miller sold 13,028 shares of the company's stock in a transaction dated 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. Company insiders own 0.24% of the company's stock.
Intact Financial Company Profile
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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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