Intact Financial (TSE:IFC) Hits New 12-Month High - Time to Buy?

Intact Financial Co. (TSE:IFC - Get Free Report)'s share price reached a new 52-week high on Friday . The company traded as high as C$25.00 and last traded at C$312.34, with a volume of 306949 shares traded. The stock had previously closed at C$310.69.

Analyst Upgrades and Downgrades

IFC has been the topic of a number of recent research reports. TD Securities upped their target price 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. Royal Bank Of Canada raised Intact Financial to a "hold" rating and set a C$329.00 target price on the stock in a report on Wednesday, June 18th. CIBC lifted their price objective on Intact Financial from C$290.00 to C$300.00 in a report on Friday, April 25th. Raymond James Financial upped their target price on shares of Intact Financial from C$302.00 to C$330.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Scotiabank boosted their price objective on shares of Intact Financial from C$298.00 to C$305.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$312.55.

Intact Financial Trading Up 0.5%

The business has a 50 day simple moving average of C$304.42 and a two-hundred day simple moving average of C$284.11. The stock has a market cap of C$55.56 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Insider Transactions at Intact Financial

In other news, Director Timothy Michael Miller sold 13,028 shares of Intact Financial stock in a transaction that occurred on Thursday, June 12th. The stock was 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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.