Intact Financial (TSE:IFC) Sets New 12-Month High - Still a Buy?

Key Points

• Intact Financial shares reached a new 52-week high of C$274.98, closing at C$267.70 with a trading volume of 78,325 shares.
• Analysts have mixed ratings for Intact Financial, with one "Strong Buy," five "Buy," and three "Hold," supporting an average price target of C$322.20.
• The company has a market capitalization of C$47.74 billion and operates primarily in the property and casualty insurance sector in Canada.

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as C$24.98 and last traded at C$267.70, with a volume of 78325 shares traded. The stock had previously closed at C$266.04.

Analyst Ratings Changes

IFC has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective on shares of Intact Financial from C$330.00 to C$335.00 in a research report on Friday, July 11th. National Bankshares lifted their price target on Intact Financial from C$341.00 to C$350.00 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. Royal Bank Of Canada cut their price objective on Intact Financial from C$329.00 to C$324.00 and set a "sector perform" rating for the company in a research report on Thursday, July 31st. Scotiabank boosted their target price on shares of Intact Financial from C$318.00 to C$325.00 in a research report on Wednesday, July 23rd. Finally, Barclays upgraded shares of Intact Financial to a "strong-buy" rating in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Intact Financial has an average rating of "Moderate Buy" and a consensus price target of C$322.20.

Intact Financial Stock Up 0.6%

The company has a market capitalization of C$47.74 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.01 and a beta of 0.14. The stock has a fifty day moving average price of C$274.34 and a two-hundred day moving average price of C$291.71.

About Intact Financial

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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