Intact Financial Co. (TSE:IFC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$288.91 and traded as high as C$306.54. Intact Financial shares last traded at C$299.41, with a volume of 319,548 shares trading hands.
Analyst Ratings Changes
IFC has been the topic of several recent research reports. TD Securities upped 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 report on Wednesday, May 7th. Scotiabank lifted 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 upped their price target on shares of Intact Financial from C$201.00 to C$289.00 in a report on Monday, April 21st. Royal Bank Of Canada raised shares of Intact Financial to a "hold" rating and set a C$329.00 price objective for the company in a research report on Wednesday, June 18th. Finally, Raymond James Financial raised their price target 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. Four equities research 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of C$314.36.
Get Our Latest Report on IFC
Intact Financial Trading Down 0.8%
The firm 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 company has a fifty day moving average price of C$306.94 and a two-hundred day moving average price of C$289.58.
Insiders Place Their Bets
In related news, Director Timothy Michael Miller sold 13,028 shares of Intact Financial 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
(
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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.
Further Reading
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