Intact Financial Co. (TSE:IFC - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as C$25.24 and last traded at C$311.76, with a volume of 36070 shares traded. The stock had previously closed at C$310.82.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Desjardins upped their price target on shares of Intact Financial from C$320.00 to C$330.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Jefferies Financial Group upped their price objective on shares of Intact Financial from C$201.00 to C$289.00 in a research note on Monday, April 21st. BMO Capital Markets lifted their target price on shares of Intact Financial from C$330.00 to C$335.00 in a research note on Friday. Scotiabank upped 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 note on Thursday, May 8th. Finally, CIBC boosted their target price on shares of Intact Financial from C$290.00 to C$300.00 in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Intact Financial currently has an average rating of "Moderate Buy" and an average target price of C$314.36.
Get Our Latest Stock Report on IFC
Intact Financial Trading Up 0.1%
The stock's 50-day moving average is C$307.00 and its 200-day moving average is C$287.48. The company has a market cap of C$55.03 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 2.01 and a beta of 0.57.
Insiders Place Their Bets
In other news, Director Timothy Michael Miller sold 13,028 shares of Intact Financial stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of C$309.88, for a total value of C$4,037,064.53. 0.24% of the stock is currently owned by company insiders.
Intact Financial Company Profile
(
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.
Read More
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
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.