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

Intact Financial Co. (TSE:IFC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

Several research firms have commented on IFC. BMO Capital Markets increased their price objective on shares of Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. Scotiabank increased their price objective 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. 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. 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. Finally, UBS Group increased their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Intact Financial has an average rating of "Moderate Buy" and an average price target of C$310.90.

Intact Financial Stock Performance

The company's 50 day moving average price is C$297.78 and its 200-day moving average price is C$280.37. The company has a market cap of C$55.49 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

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.