Intact Financial (TSE:IFC) Given New C$335.00 Price Target at BMO Capital Markets

Intact Financial (TSE:IFC - Get Free Report) had its price target boosted by investment analysts at BMO Capital Markets from C$330.00 to C$335.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets' price target indicates a potential upside of 8.26% from the company's previous close.

A number of other analysts have also recently issued reports on the company. Raymond James Financial upped their target price on Intact Financial from C$302.00 to C$330.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Desjardins increased their price objective 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. Royal Bank Of Canada raised Intact Financial to a "hold" rating and set a C$329.00 price objective for the company in a research report on Wednesday, June 18th. CIBC increased their price objective on Intact Financial from C$290.00 to C$300.00 in a research report on Friday, April 25th. Finally, National Bankshares increased their price objective on Intact Financial from C$336.00 to C$341.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$314.36.

Intact Financial Trading Up 0.1%

Shares of TSE IFC traded up C$0.45 during trading hours on Friday, reaching C$309.45. The stock had a trading volume of 43,245 shares, compared to its average volume of 283,179. The firm has a market cap of C$55.05 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 2.01 and a beta of 0.57. Intact Financial has a fifty-two week low of C$236.46 and a fifty-two week high of C$317.35. The firm has a 50-day moving average of C$307.00 and a 200-day moving average of C$287.48.

Insider Transactions at Intact Financial

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

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.

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