Intact Financial (TSE:IFC) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Intact Financial Co. (TSE:IFC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$281.67 and traded as high as C$282.15. Intact Financial shares last traded at C$279.21, with a volume of 456,035 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on IFC shares. CIBC reduced their price target on shares of Intact Financial from C$315.00 to C$288.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Barclays boosted their target price on Intact Financial from C$312.00 to C$318.00 in a report on Wednesday, November 5th. TD Securities decreased their price target on Intact Financial from C$359.00 to C$346.00 in a research note on Wednesday, October 22nd. BMO Capital Markets lifted their price target on Intact Financial from C$315.00 to C$320.00 in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada cut their price objective on Intact Financial from C$324.00 to C$304.00 in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$317.91.

Intact Financial Stock Down 0.2%

The stock has a market cap of C$49.54 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 2.01 and a beta of 0.14. The company’s 50-day simple moving average is C$280.64 and its 200-day simple moving average is C$281.23.

Intact Financial (TSE:IFC) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C$4.46 EPS for the quarter. The company had revenue of C$6.45 billion during the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%. As a group, analysts expect that Intact Financial Co. will post 16.1721014 EPS for the current fiscal year.

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. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.