Intact Financial (TSE:IFC) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Intact Financial Co. (TSE:IFC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$283.47 and traded as high as C$311.15. Intact Financial shares last traded at C$310.59, with a volume of 396,320 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IFC. Jefferies Financial Group raised their price target on Intact Financial from C$201.00 to C$289.00 in a report on Monday, April 21st. Scotiabank boosted their target price on Intact Financial from C$298.00 to C$305.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. CIBC increased their price target on shares of Intact Financial from C$290.00 to C$300.00 in a research report on Friday, April 25th. Desjardins increased their price objective on Intact Financial from C$320.00 to C$330.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Raymond James Financial lifted 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 note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Intact Financial currently has an average rating of "Moderate Buy" and a consensus target price of C$312.55.

Intact Financial Trading Up 0.5%

The stock's 50-day moving average is C$304.42 and its 200-day moving average is C$284.11. The stock has a market cap of C$55.56 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 2.01 and a beta of 0.57.

Insider Activity at Intact Financial

In other Intact Financial news, Director Timothy Michael Miller sold 13,028 shares of the firm's 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. Company insiders own 0.24% of the company's stock.

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.