Intact Financial (TSE:IFC) Stock Price Expected to Rise, CIBC Analyst Says

Intact Financial (TSE:IFC - Free Report) had its price target boosted by CIBC from C$280.00 to C$290.00 in a research report released on Thursday morning,BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Other research analysts have also recently issued reports about the stock. National Bankshares raised their target price on shares of Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. BMO Capital Markets lifted their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Jefferies Financial Group boosted their target price on shares of Intact Financial from C$284.00 to C$301.00 in a research note on Thursday. TD Securities lifted their price target on Intact Financial from C$300.00 to C$324.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Finally, Raymond James increased their price objective on Intact Financial from C$290.00 to C$302.00 and gave the stock an "outperform" rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Intact Financial has a consensus rating of "Moderate Buy" and an average target price of C$292.90.

Intact Financial Trading Up 0.4 %

IFC stock traded up C$1.11 on Thursday, hitting C$288.21. 297,621 shares of the company's stock traded hands, compared to its average volume of 245,001. The stock has a market cap of C$51.27 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a 1-year low of C$216.62 and a 1-year high of C$294.35. The stock has a fifty day moving average of C$263.23 and a 200-day moving average of C$260.90.

Insider Buying and Selling at Intact Financial

In related news, Senior Officer Benoit Morissette sold 6,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total value of C$1,722,738.00. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of Intact Financial stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$272.50, for a total transaction of C$504,125.00. Insiders have sold 14,300 shares of company stock valued at $3,957,892 in the last 90 days. 0.24% of the stock is currently owned by insiders.

Intact Financial Company Profile

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.