Intact Financial (TSE:IFC) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Intact Financial Co. (TSE:IFC - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$269.70 and traded as high as C$282.36. Intact Financial shares last traded at C$274.69, with a volume of 511,036 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. TD Securities raised their price target on shares of Intact Financial from C$300.00 to C$324.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Desjardins increased their target price on shares of Intact Financial from C$295.00 to C$315.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. CIBC upped their price target on Intact Financial from C$280.00 to C$290.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Raymond James raised their price objective on 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$292.64.

Intact Financial Stock Performance

The firm has a 50 day moving average price of C$283.28 and a two-hundred day moving average price of C$270.30. The company has a market capitalization of C$51.22 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Insider Buying and Selling at Intact Financial

In related news, Senior Officer Benoit Morissette sold 6,000 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total value of C$1,722,738.00. Corporate insiders own 0.24% of the company's stock.

About Intact Financial

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.