Intact Financial (TSE:IFC) Price Target Raised to C$350.00

Key Points

• National Bankshares has raised its price target for Intact Financial from C$341.00 to C$350.00, suggesting a potential upside of 14.65% from the current price.
• Intact Financial's stock has a consensus rating of "Moderate Buy" among analysts, with a current average target price of C$317.00.
• As of recent trading, Intact Financial shares reached C$305.28, with a market capitalization of C$54.31 billion and recent trading volumes below average.

Intact Financial (TSE:IFC - Free Report) had its target price boosted by National Bankshares from C$341.00 to C$350.00 in a research report report published on Tuesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other research firms also recently weighed in on IFC. BMO Capital Markets boosted their price target on shares of Intact Financial from C$330.00 to C$335.00 in a research note on Friday, July 11th. Desjardins boosted their price target on shares of Intact Financial from C$320.00 to C$330.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. CIBC boosted their price target on shares of Intact Financial from C$290.00 to C$300.00 in a research note on Friday, April 25th. Raymond James Financial boosted 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 note on Wednesday, May 7th. Finally, Jefferies Financial Group upped their price objective on shares of Intact Financial from C$201.00 to C$289.00 in a research note on Monday, April 21st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$322.20.

Intact Financial Trading Down 1.2%

Shares of TSE:IFC traded down C$3.33 during mid-day trading on Tuesday, reaching C$283.07. The company had a trading volume of 326,557 shares, compared to its average volume of 285,556. The company's 50-day moving average price is C$306.93 and its 200-day moving average price is C$291.93. The firm has a market cap of C$50.35 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.01 and a beta of 0.57. Intact Financial has a one year low of C$240.37 and a one year high of C$317.35.

Insider Transactions at Intact Financial

In other news, Director Timothy Michael Miller sold 13,028 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of C$309.88, for a total value of C$4,037,064.53. Insiders own 0.24% of the company's stock.

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.