Intact Financial (TSE:IFC - Free Report) had its target price lifted by Jefferies Financial Group from C$201.00 to C$289.00 in a research note released on Monday,BayStreet.CA reports.
Other equities research analysts also recently issued research reports about the stock. Cibc World Mkts downgraded shares of Intact Financial from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 29th. UBS Group increased their target price on Intact Financial from C$275.00 to C$290.00 in a research note on Tuesday, February 18th. CIBC upped their price target on shares of Intact Financial from C$280.00 to C$290.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. TD Securities increased their price objective on shares of Intact Financial from C$300.00 to C$324.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, Raymond James boosted their target price on shares of Intact Financial from C$290.00 to C$302.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$294.27.
Check Out Our Latest Research Report on Intact Financial
Intact Financial Stock Performance
Intact Financial stock traded down C$1.88 during trading on Monday, reaching C$296.91. 170,354 shares of the company's stock were exchanged, compared to its average volume of 299,735. The company's 50-day moving average is C$285.78 and its two-hundred day moving average is C$272.67. Intact Financial has a 52-week low of C$218.58 and a 52-week high of C$300.56. The firm has a market cap of C$52.82 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 2.01 and a beta of 0.57.
Insider Activity
In related news, Senior Officer Benoit Morissette sold 6,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total value of C$1,722,738.00. Corporate insiders own 0.24% of the company's stock.
About Intact Financial
(
Get Free Report)
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.
See Also
Before you consider Intact Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intact Financial wasn't on the list.
While Intact Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
