Intact Financial Co. (TSE:IFC - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as C$24.30 and last traded at C$279.01, with a volume of 221242 shares. The stock had previously closed at C$279.00.
Analysts Set New Price Targets
IFC has been the subject of a number of analyst reports. CIBC increased their price target on Intact Financial from C$290.00 to C$300.00 in a research note on Friday, April 25th. BMO Capital Markets increased their price target on Intact Financial from C$330.00 to C$335.00 in a research note on Friday, July 11th. Desjardins increased their price target on 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. Scotiabank increased their price target on Intact Financial from C$318.00 to C$325.00 in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group raised their price objective on Intact Financial from C$201.00 to C$289.00 in a research report on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$322.20.
Check Out Our Latest Report on Intact Financial
Intact Financial Price Performance
The company's fifty day simple moving average is C$301.11 and its 200-day simple moving average is C$293.67. The firm has a market capitalization of C$49.66 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.
Insider Transactions at Intact Financial
In other Intact Financial 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 value of C$4,037,064.53. Corporate 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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