Intact Financial (TSE:IFC) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Intact Financial Co. (TSE:IFC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$268.17 and traded as high as C$277.59. Intact Financial shares last traded at C$274.14, with a volume of 708,004 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently commented on IFC. Desjardins reduced their price target on Intact Financial from C$305.00 to C$300.00 and set a “buy” rating for the company in a report on Monday, April 27th. Royal Bank Of Canada boosted their target price on Intact Financial from C$299.00 to C$308.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Raymond James Financial dropped their price target on Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Jefferies Financial Group raised their price target on Intact Financial from C$343.00 to C$351.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on shares of Intact Financial from C$314.00 to C$311.00 in a research report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$331.09.

Intact Financial Stock Down 1.7%

The firm has a 50-day moving average price of C$286.79 and a 200 day moving average price of C$268.26. The company has a debt-to-equity ratio of 23.22, a current ratio of 7.21 and a quick ratio of 0.28. The company has a market cap of C$47.25 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 2.01 and a beta of 0.30.

Intact Financial (TSE:IFC) last released its quarterly earnings results on Tuesday, July 28th. The company reported C$4.33 earnings per share for the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%.The business had revenue of C$5.94 billion during the quarter. Sell-side analysts predict that Intact Financial Co. will post 16.1721014 EPS for the current year.

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