Intact Financial (TSE:IFC) Price Target Raised to C$315.00

Intact Financial (TSE:IFC - Get Free Report) had its target price upped by stock analysts at BMO Capital Markets from C$290.00 to C$315.00 in a note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets' target price indicates a potential upside of 9.30% from the stock's previous close.

Several other analysts have also issued reports on the company. Scotiabank upped their target price on Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. Jefferies Financial Group boosted their price target on Intact Financial from C$284.00 to C$301.00 in a research report on Thursday. TD Securities increased their price objective 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. CIBC boosted their target price on shares of Intact Financial from C$280.00 to C$290.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Cibc World Mkts cut shares of Intact Financial from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$292.90.

Intact Financial Stock Up 0.4 %

Shares of IFC stock traded up C$1.11 during trading on Thursday, reaching C$288.21. The company's stock had a trading volume of 297,621 shares, compared to its average volume of 245,001. Intact Financial has a one year low of C$216.62 and a one year high of C$294.35. The business has a fifty day moving average price of C$263.23 and a 200-day moving average price of C$260.90. The company has a market cap 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.

Insider Buying and Selling at Intact Financial

In other 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. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of C$272.50, for a total value 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.