Royal Bank Of Canada Reiterates C$329.00 Price Target for Intact Financial (TSE:IFC)

Intact Financial (TSE:IFC - Get Free Report) has been assigned a C$329.00 price objective by analysts at Royal Bank Of Canada in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target indicates a potential upside of 7.13% from the company's previous close.

IFC has been the subject of a number of other reports. Desjardins raised their price objective on shares of Intact Financial from C$320.00 to C$330.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. National Bankshares upped their price target on Intact Financial from C$336.00 to C$341.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Scotiabank raised their price target on shares of Intact Financial from C$298.00 to C$305.00 and gave the company an "outperform" rating in a report 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 report on Monday, April 21st. Finally, TD Securities lifted their target price on shares of Intact Financial from C$328.00 to C$349.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$312.55.

Intact Financial Stock Down 0.0%

Shares of IFC stock traded down C$0.09 during trading hours on Wednesday, hitting C$307.10. 58,268 shares of the company's stock traded hands, compared to its average volume of 284,097. The stock's fifty day simple moving average is C$301.36 and its two-hundred day simple moving average is C$282.43. Intact Financial has a 12-month low of C$218.58 and a 12-month high of C$315.99. The stock has a market cap of C$54.63 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.01 and a beta of 0.57.

Insider Buying and Selling at Intact Financial

In other Intact Financial news, Director Timothy Michael Miller sold 13,028 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of C$309.88, for a total transaction 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.

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