Intact Financial (TSE:IFC) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Intact Financial Co. (TSE:IFC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$266.93 and traded as high as C$283.79. Intact Financial shares last traded at C$283.66, with a volume of 249,293 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on IFC. Cibc World Mkts cut Intact Financial from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Raymond James upped their target price on shares of Intact Financial from C$290.00 to C$302.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. UBS Group increased their target price on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Tuesday, February 18th. TD Securities upped their price objective 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, 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. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$292.64.

Intact Financial Stock Up 0.0 %

The firm's fifty day simple moving average is C$276.24 and its 200-day simple moving average is C$267.63. The company has a market cap of C$50.90 billion, a PE ratio of 22.16, a P/E/G ratio of 2.01 and a beta of 0.57.

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Insiders Place Their Bets

In other Intact Financial news, Senior Officer Benoit Morissette sold 6,000 shares of the business's stock in a transaction dated 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 currently 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.