Intact Financial Co. (TSE:IFC - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$24.00 and last traded at C$301.60, with a volume of 37607 shares changing hands. The stock had previously closed at C$304.04.
Wall Street Analyst Weigh In
IFC has been the topic of a number of analyst reports. National Bankshares lifted their price objective on Intact Financial from C$336.00 to C$341.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Raymond James Financial upped their target price on shares of Intact Financial from C$302.00 to C$330.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Jefferies Financial Group raised their target price on shares of Intact Financial from C$201.00 to C$289.00 in a report on Monday, April 21st. Desjardins upped their price objective 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. Finally, CIBC lifted their price objective on Intact Financial from C$290.00 to C$300.00 in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$314.36.
Read Our Latest Report on IFC
Intact Financial Price Performance
The company has a market capitalization of C$53.67 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 2.01 and a beta of 0.57. The stock's fifty day simple moving average is C$306.94 and its two-hundred day simple moving average is C$289.58.
Insider Transactions at Intact Financial
In other Intact Financial news, Director Timothy Michael Miller sold 13,028 shares of Intact Financial stock in a transaction on 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. Company insiders own 0.24% of the company's stock.
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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