Royal Bank Of Canada upgraded shares of Intact Financial (TSE:IFC - Free Report) to a hold rating in a research report released on Wednesday, MarketBeat reports. Royal Bank Of Canada currently has C$329.00 price target on the stock.
Several other research firms have also commented on IFC. CIBC raised their price objective on Intact Financial from C$290.00 to C$300.00 in a research report on Friday, April 25th. National Bankshares lifted their target price on Intact Financial from C$336.00 to C$341.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Desjardins lifted their target price on Intact Financial from C$320.00 to C$330.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. TD Securities lifted their target price on 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. Finally, UBS Group lifted their target price on Intact Financial from C$275.00 to C$290.00 in a research report on Tuesday, February 18th. Four 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.com, Intact Financial presently has a consensus rating of "Moderate Buy" and an average price target of C$312.55.
Check Out Our Latest Research Report on Intact Financial
Intact Financial Trading Up 0.1%
TSE:IFC traded up C$0.34 during mid-day trading on Wednesday, hitting C$305.34. The company had a trading volume of 723,055 shares, compared to its average volume of 287,303. The business has a fifty day simple moving average of C$302.79 and a 200-day simple moving average of C$282.98. Intact Financial has a 1 year low of C$219.53 and a 1 year high of C$315.99. The firm has a market capitalization of C$54.32 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 2.01 and a beta of 0.57.
Insider Buying and Selling at Intact Financial
In related news, Director Timothy Michael Miller sold 13,028 shares of the firm'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 value of C$4,037,064.53. 0.24% of the stock is currently owned by insiders.
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.
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