Intact Financial (TSE:IFC) Price Target Raised to C$290.00

Intact Financial (TSE:IFC) had its price objective boosted by UBS Group from C$275.00 to C$290.00 in a report released on Tuesday,BayStreet.CA reports.

Several other equities analysts have also recently commented on the stock. BMO Capital Markets upped their target price on shares of Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. CIBC boosted their price objective on shares of Intact Financial from C$280.00 to C$290.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. TD Securities increased their target price 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. Raymond James boosted their price target on Intact Financial from C$290.00 to C$302.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Cibc World Mkts cut Intact Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Intact Financial presently has a consensus rating of “Moderate Buy” and an average price target of C$292.64.

Intact Financial Stock Down 1.0 %

Shares of TSE IFC opened at C$277.12 on Tuesday. Intact Financial has a 12 month low of C$216.62 and a 12 month high of C$294.35. The company has a market cap of C$49.30 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.01 and a beta of 0.57. The business’s 50 day moving average is C$264.12 and its two-hundred day moving average is C$261.72.

Insider Transactions at Intact Financial

In other news, Senior Officer Frédéric Cotnoir sold 450 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of C$266.73, for a total value of C$120,028.50. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$272.50, for a total transaction of C$504,125.00. In the last ninety days, insiders sold 14,300 shares of company stock valued at $3,957,892. Corporate 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.