Intact Financial (TSE:IFC) Given New C$301.00 Price Target at Jefferies Financial Group

Intact Financial (TSE:IFC - Get Free Report) had its price objective hoisted by research analysts at Jefferies Financial Group from C$284.00 to C$301.00 in a note issued to investors on Thursday,BayStreet.CA reports. Jefferies Financial Group's target price would indicate a potential upside of 4.44% from the stock's previous close.

A number of other research firms have also recently weighed in on IFC. 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 report on Wednesday, February 12th. Scotiabank increased their price target on Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. 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. BMO Capital Markets upped their target price on Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Finally, Cibc World Mkts downgraded shares of Intact Financial from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$292.90.

Intact Financial Price Performance

TSE IFC traded up C$1.11 on Thursday, reaching C$288.21. The company had a trading volume of 297,621 shares, compared to its average volume of 245,001. The firm has a market capitalization of C$51.27 billion, a PE ratio of 22.32, a P/E/G ratio of 2.01 and a beta of 0.57. The firm has a 50-day moving average of C$263.23 and a 200-day moving average of C$260.90. Intact Financial has a 1 year low of C$216.62 and a 1 year high of C$294.35.

Insider Transactions at Intact Financial

In other Intact Financial news, Senior Officer Frédéric Cotnoir sold 450 shares of the firm's stock in a transaction on Friday, November 29th. The stock was sold at an average price of C$266.73, for a total value of C$120,028.50. Also, Senior Officer Benoit Morissette sold 6,000 shares of the business's stock in a transaction 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. In the last three months, insiders have sold 14,300 shares of company stock worth $3,957,892. 0.24% of the stock is currently owned by insiders.

Intact Financial Company Profile

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.