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

Intact Financial Co. (TSE:IFC - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$279.31 and traded as high as C$313.88. Intact Financial shares last traded at C$312.70, with a volume of 215,874 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. CIBC increased their price objective on shares of Intact Financial from C$290.00 to C$300.00 in a research note on Friday, April 25th. Jefferies Financial Group increased their price objective on shares of Intact Financial from C$201.00 to C$289.00 in a research note on Monday, April 21st. UBS Group raised their price target on shares of Intact Financial from C$275.00 to C$290.00 in a research note on Tuesday, February 18th. TD Securities raised their price target on shares of Intact Financial from C$328.00 to C$349.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Desjardins raised 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 research note on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$310.90.

Intact Financial Stock Up 0.1%

The firm has a market cap of C$55.18 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The stock's 50 day moving average is C$296.62 and its 200 day moving average is C$279.61.

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.