Shares of Intact Financial Co. (TSE:IFC - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$276.57 and traded as high as C$299.80. Intact Financial shares last traded at C$299.22, with a volume of 293,534 shares changing hands.
Wall Street Analyst Weigh In
Several analysts have recently commented on IFC shares. 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. Raymond James increased their price target on shares of Intact Financial from C$302.00 to C$330.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. BMO Capital Markets increased their price target on shares of Intact Financial from C$290.00 to C$315.00 in a research report on Thursday, February 13th. National Bankshares upped their price objective on shares of Intact Financial from C$336.00 to C$341.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, TD Securities upped their price objective 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$310.90.
Get Our Latest Stock Analysis on Intact Financial
Intact Financial Stock Performance
The company has a market capitalization of C$53.99 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The company's fifty day simple moving average is C$292.00 and its two-hundred day simple moving average is C$277.00.
About Intact Financial
(
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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.
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