Jefferies Financial Group Forecasts Strong Price Appreciation for Intact Financial (TSE:IFC) Stock

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

A number of other analysts also recently commented on IFC. Raymond James boosted their price objective on shares of Intact Financial from C$290.00 to C$302.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. BMO Capital Markets raised their price objective on Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. TD Securities upped their target price 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. Desjardins boosted their price objective on shares of Intact Financial from C$295.00 to C$315.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, CIBC raised their target price 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. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$291.55.

Intact Financial Stock Performance

TSE:IFC opened at C$298.72 on Monday. Intact Financial has a 1 year low of C$218.50 and a 1 year high of C$299.75. The stock has a fifty day moving average price of C$285.42 and a two-hundred day moving average price of C$272.08. The stock has a market capitalization of C$53.14 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 2.01 and a beta of 0.57.

Insider Activity

In related 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. Corporate insiders own 0.24% of the company’s stock.

Intact Financial Company Profile

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.