UBS Group Issues Positive Forecast for Intact Financial (TSE:IFC) Stock Price

Intact Financial (TSE:IFC - Free Report) had its price objective raised by UBS Group from C$275.00 to C$290.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group raised their price objective on Intact Financial from C$284.00 to C$301.00 in a research report on Thursday, February 13th. BMO Capital Markets raised their price target on Intact Financial from C$290.00 to C$315.00 in a report on Thursday, February 13th. CIBC upped their price objective on shares of Intact Financial from C$280.00 to C$290.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Raymond James upped their price objective on shares of Intact Financial from C$290.00 to C$302.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Scotiabank upped their price target on shares of Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$292.64.

Intact Financial Stock Up 0.1 %

Shares of TSE IFC traded up C$0.32 during trading hours on Tuesday, hitting C$277.44. 307,713 shares of the stock were exchanged, compared to its average volume of 276,846. The company has a market cap of C$49.35 billion, a PE ratio of 21.48, a PEG ratio of 2.01 and a beta of 0.57. The firm has a fifty day moving average price of C$264.40 and a 200-day moving average price of C$261.93. Intact Financial has a 12 month low of C$216.62 and a 12 month high of C$294.35.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Benoit Morissette sold 6,000 shares of the company'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. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of Intact Financial stock in a transaction dated Friday, December 6th. The shares were sold at an average price of C$272.50, for a total transaction of C$504,125.00. In the last 90 days, insiders sold 14,300 shares of company stock valued at $3,957,892. 0.24% of the stock is owned by company 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.