Analysts Set Intact Financial Co. (TSE:IFC) Price Target at C$292.64

Intact Financial Co. (TSE:IFC - Get Free Report) has received an average rating of "Moderate Buy" from the ten analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$292.64.

A number of research firms have recently weighed in on IFC. Raymond James increased their price objective on Intact Financial from C$290.00 to C$302.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Jefferies Financial Group raised their price target on shares of Intact Financial from C$284.00 to C$301.00 in a report on Thursday, February 13th. TD Securities upped 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. BMO Capital Markets raised their target price on Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. Finally, UBS Group lifted their price target on shares of Intact Financial from C$275.00 to C$290.00 in a report on Tuesday, February 18th.

Insiders Place Their Bets

In related news, Senior Officer Benoit Morissette sold 6,000 shares of Intact Financial 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. 0.24% of the stock is owned by insiders.

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Intact Financial Stock Down 2.1 %

Shares of TSE IFC traded down C$6.02 during midday trading on Friday, reaching C$284.38. The company had a trading volume of 333,428 shares, compared to its average volume of 293,107. The firm's fifty day moving average price is C$269.33 and its 200-day moving average price is C$264.68. Intact Financial has a one year low of C$216.62 and a one year high of C$294.35. The stock has a market cap of C$50.59 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

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.