Intact Financial (TSE:IFC) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Intact Financial Co. (TSE:IFC - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$265.61 and traded as high as C$282.78. Intact Financial shares last traded at C$282.33, with a volume of 180,622 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IFC. Desjardins upped their target price on shares of Intact Financial from C$295.00 to C$315.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. 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 note on Thursday, February 13th. Jefferies Financial Group upped their target price on shares of Intact Financial from C$284.00 to C$301.00 in a research note on Thursday, February 13th. TD Securities upped their target price 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. Finally, Cibc World Mkts lowered shares of Intact Financial from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$292.64.

Intact Financial Stock Performance

The company's fifty day moving average is C$271.90 and its 200-day moving average is C$265.92. The company has a market capitalization of C$49.79 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

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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. 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.