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

Intact Financial Co. (TSE:IFC - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as C$24.27 and last traded at C$284.91, with a volume of 74361 shares. The stock had previously closed at C$285.05.

Analysts Set New Price Targets

Several equities analysts have weighed in on IFC shares. UBS Group raised their price target on Intact Financial from C$275.00 to C$290.00 in a report on Tuesday, February 18th. Raymond James upped their target price on shares of Intact Financial from C$290.00 to C$302.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Cibc World Mkts lowered Intact Financial from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Desjardins upped their price objective on Intact Financial from C$295.00 to C$315.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Jefferies Financial Group boosted their target price on Intact Financial from C$284.00 to C$301.00 in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$292.64.

Intact Financial Stock Up 0.8 %

The company has a market cap of C$51.66 billion, a P/E ratio of 22.48, a PEG ratio of 2.01 and a beta of 0.57. The firm has a 50 day moving average of C$268.78 and a 200-day moving average of C$264.43.

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Insider Activity

In other Intact Financial news, Senior Officer Benoit Morissette sold 6,000 shares of the stock in a transaction dated 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. Insiders own 0.24% of the company's stock.

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.