Intact Financial (TSE:IFC) Reaches New 52-Week High - Still a Buy?

Intact Financial Co. (TSE:IFC - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$25.00 and last traded at C$304.15, with a volume of 40230 shares changing hands. The stock had previously closed at C$302.80.

Wall Street Analyst Weigh In

Several analysts recently issued reports on IFC shares. Scotiabank boosted their target price on shares of Intact Financial from C$298.00 to C$305.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Jefferies Financial Group lifted their price target on shares of Intact Financial from C$201.00 to C$289.00 in a report on Monday, April 21st. Raymond James lifted their price target on shares of Intact Financial from C$302.00 to C$330.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. UBS Group lifted their price target on shares of Intact Financial from C$275.00 to C$290.00 in a report on Tuesday, February 18th. Finally, CIBC lifted their price target on shares of Intact Financial from C$290.00 to C$300.00 in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$310.90.

Intact Financial Stock Up 0.2%

The firm's fifty day moving average price is C$295.56 and its 200 day moving average price is C$278.86. The stock has a market cap of C$55.60 billion, a PE ratio of 24.20, a P/E/G ratio of 2.01 and a beta of 0.57.

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.