Shares of Intact Financial Co. (TSE:IFC - Get Free Report) reached a new 52-week high on Tuesday after CIBC raised their price target on the stock from C$290.00 to C$300.00. The company traded as high as C$299.09 and last traded at C$298.28, with a volume of 49788 shares trading hands. The stock had previously closed at C$293.66.
IFC has been the topic of several other research reports. Cibc World Mkts lowered shares of Intact Financial from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Desjardins lifted their target price on shares of Intact Financial from C$315.00 to C$320.00 and gave the stock a "buy" rating in a report on Thursday. UBS Group increased their price target on Intact Financial from C$275.00 to C$290.00 in a research note on Tuesday, February 18th. Raymond James lifted their price objective on Intact Financial from C$290.00 to C$302.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, Scotiabank boosted their target price on Intact Financial from C$295.00 to C$298.00 and gave the stock an "outperform" rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$294.27.
View Our Latest Research Report on Intact Financial
Insider Activity at Intact Financial
In related news, Senior Officer Benoit Morissette sold 6,000 shares of Intact Financial stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total value of C$1,722,738.00. 0.24% of the stock is owned by insiders.
Intact Financial Trading Down 0.6 %
The business has a 50 day moving average price of C$285.78 and a 200-day moving average price of C$272.67. The company has a market cap of C$52.82 billion, a P/E ratio of 22.99, a PEG ratio of 2.01 and a beta of 0.57.
About Intact Financial
(
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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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