Intact Financial Co. (TSE:IFC - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as C$317.35 and last traded at C$308.66, with a volume of 484350 shares trading hands. The stock had previously closed at C$316.65.
Wall Street Analyst Weigh In
Several analysts have commented on IFC shares. Jefferies Financial Group lifted their price target on Intact Financial from C$201.00 to C$289.00 in a report on Monday, April 21st. CIBC upped their price target on Intact Financial from C$290.00 to C$300.00 in a report on Friday, April 25th. Raymond James Financial lifted their price target on shares of Intact Financial from C$302.00 to C$330.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Scotiabank raised their target price on Intact Financial from C$298.00 to C$305.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, Desjardins lifted their target price 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Intact Financial has an average rating of "Moderate Buy" and a consensus target price of C$312.55.
Check Out Our Latest Stock Report on IFC
Intact Financial Price Performance
The stock's 50 day simple moving average is C$306.09 and its two-hundred day simple moving average is C$285.75. The company has a market capitalization of C$55.44 billion, a P/E ratio of 24.13, a P/E/G ratio of 2.01 and a beta of 0.57.
Insider Buying and Selling at Intact Financial
In other news, Director Timothy Michael Miller sold 13,028 shares of the 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 transaction of C$4,037,064.53. 0.24% of the stock is owned by insiders.
About Intact Financial
(
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.
Featured Stories
Before you consider Intact Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intact Financial wasn't on the list.
While Intact Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
