Intact Financial (TSE:IFC) Given New C$315.00 Price Target at Desjardins

Intact Financial (TSE:IFC) had its price objective boosted by Desjardins from C$295.00 to C$315.00 in a research note released on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

IFC has been the topic of several other research reports. 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. Scotiabank upped their price objective on shares of Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. BMO Capital Markets upped their price objective on shares of Intact Financial from C$290.00 to C$315.00 in a research note on Thursday. Cibc World Mkts downgraded shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, 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 research note on Thursday. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$292.90.

Intact Financial Price Performance

IFC stock opened at C$287.10 on Thursday. The company’s 50 day simple moving average is C$262.47 and its 200-day simple moving average is C$260.27. The firm has a market capitalization of C$51.07 billion, a PE ratio of 22.23, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a 12 month low of C$213.11 and a 12 month high of C$294.35.

Insiders Place Their Bets

In other Intact Financial news, Senior Officer Benoit Morissette sold 6,000 shares of the stock in a transaction that occurred 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 the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of C$272.50, for a total transaction of C$504,125.00. Insiders have sold a total of 14,300 shares of company stock valued at $3,957,892 over the last quarter. Company insiders own 0.24% of the company’s stock.

About Intact Financial

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.