Intact Financial (TSE:IFC) Hits New 52-Week High - Should You Buy?

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) reached a new 52-week high on Monday . The company traded as high as C$292.92 and last traded at C$293.28, with a volume of 117283 shares. The stock had previously closed at C$286.15.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Securities raised 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. BMO Capital Markets raised their target price on shares of Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. Cibc World Mkts downgraded shares of Intact Financial from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 29th. CIBC raised their price objective on shares of Intact Financial from C$280.00 to C$290.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, UBS Group increased their price target on Intact Financial from C$275.00 to C$290.00 in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$292.64.

Intact Financial Price Performance

The business has a 50 day simple moving average of C$279.94 and a 200-day simple moving average of C$269.03. The stock has a market capitalization of C$50.08 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.01 and a beta of 0.57.

Insider Activity at Intact Financial

In related news, Senior Officer Benoit Morissette sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. 0.24% of the stock is owned by insiders.

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.