Intact Financial Co. (TSE:IFC - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$25.24 and last traded at C$311.76, with a volume of 36070 shares. The stock had previously closed at C$310.82.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. TD Securities increased 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, May 7th. Royal Bank Of Canada upgraded shares of Intact Financial to a "hold" rating and set a C$329.00 target price for the company in a report on Wednesday, June 18th. Jefferies Financial Group lifted their price objective on shares of Intact Financial from C$201.00 to C$289.00 in a report on Monday, April 21st. Scotiabank lifted their price objective 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 increased their target price on Intact Financial from C$320.00 to C$330.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$312.55.
Check Out Our Latest Stock Report on Intact Financial
Intact Financial Stock Performance
The company has a 50-day moving average of C$306.85 and a 200-day moving average of C$287.01. The stock has a market cap of C$54.93 billion, a price-to-earnings ratio of 23.91, a PEG 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 the business's 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 corporate 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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