Shares of Intact Financial Co. (TSE:IFC - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$307.23 and last traded at C$307.00, with a volume of 39326 shares. The stock had previously closed at C$305.47.
Wall Street Analysts Forecast Growth
Several research firms recently commented on IFC. CIBC increased their price target on Intact Financial from C$290.00 to C$300.00 in a report on Friday, April 25th. Jefferies Financial Group raised their target price on Intact Financial from C$201.00 to C$289.00 in a report on Monday, April 21st. Scotiabank lifted their target price on Intact Financial from C$295.00 to C$298.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. TD Securities raised their price objective on shares of Intact Financial from C$328.00 to C$349.00 and gave the company a "buy" rating in a report on Wednesday. Finally, UBS Group raised their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a report on Tuesday, February 18th. Four equities research 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 presently has an average rating of "Moderate Buy" and an average target price of C$303.18.
Read Our Latest Report on IFC
Intact Financial Stock Down 1.9 %
The business has a 50-day simple moving average of C$289.66 and a two-hundred day simple moving average of C$274.97. The company has a market cap of C$53.93 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 2.01 and a beta of 0.57.
Insider Activity at Intact Financial
In related news, Senior Officer Benoit Morissette sold 6,000 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. 0.24% of the stock is owned by company 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.
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