Intact Financial (TSE:IFC) Price Target Raised to C$289.00 at Jefferies Financial Group

Intact Financial (TSE:IFC - Free Report) had its price target boosted by Jefferies Financial Group from C$201.00 to C$289.00 in a report published on Monday,BayStreet.CA reports.

Several other equities analysts have also weighed in on IFC. TD Securities increased their price objective on Intact Financial from C$300.00 to C$324.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. CIBC increased 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. BMO Capital Markets boosted their price objective on Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. Raymond James increased 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 research report on Thursday, February 13th. Finally, UBS Group lifted their target price on shares of Intact Financial from C$275.00 to C$290.00 in a research note on Tuesday, February 18th. 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 data from MarketBeat.com, Intact Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of C$291.55.

Intact Financial Stock Performance

IFC traded down C$0.08 during midday trading on Monday, reaching C$298.64. The company had a trading volume of 11,376 shares, compared to its average volume of 299,124. The business has a 50-day moving average price of C$285.42 and a two-hundred day moving average price of C$272.08. Intact Financial has a 12-month low of C$218.50 and a 12-month high of C$299.75. The stock has a market cap of C$53.12 billion, a PE ratio of 23.12, a P/E/G ratio of 2.01 and a beta of 0.57.

Insider Activity

In other news, Senior Officer Benoit Morissette sold 6,000 shares of Intact Financial 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. Company 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.