TD Securities Forecasts Strong Price Appreciation for Intact Financial (TSE:IFC) Stock

Intact Financial (TSE:IFC - Get Free Report) had its price target boosted by equities researchers at TD Securities from C$300.00 to C$324.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price target indicates a potential upside of 12.42% from the company's previous close.

Other equities analysts also recently issued reports about the stock. Raymond James increased their price objective on shares of Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday, November 6th. BMO Capital Markets increased their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a research note on Thursday, November 7th. Cibc World Mkts cut shares of Intact Financial from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 29th. Scotiabank upped their target price on shares of Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. Finally, National Bankshares upped their target price on shares of Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Intact Financial has a consensus rating of "Moderate Buy" and an average target price of C$292.90.

Intact Financial Stock Performance

TSE IFC traded up C$1.11 on Wednesday, reaching C$288.21. The company had a trading volume of 297,621 shares, compared to its average volume of 245,001. The firm has a market capitalization of C$51.27 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth 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 company's fifty day moving average is C$263.23 and its 200-day moving average is C$260.77.

Insider Buying and Selling at Intact Financial

In other Intact Financial news, Senior Officer Benoit Morissette sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the stock in a transaction that occurred 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 a total of 14,300 shares of company stock valued at $3,957,892 in the last three months. 0.24% of the stock is currently owned by company insiders.

About Intact Financial

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.