Intact Financial Co. (TSE:IFC – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$265.07 and traded as high as C$283.01. Intact Financial shares last traded at C$282.02, with a volume of 510,226 shares traded.
Analyst Upgrades and Downgrades
IFC has been the subject of a number of research reports. Raymond James Financial raised their price target on shares of Intact Financial from C$303.00 to C$309.00 and gave the company a “buy” rating in a report on Wednesday. Barclays cut their price target on shares of Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Desjardins set a C$310.00 target price on Intact Financial and gave the stock a “buy” rating in a report on Thursday, October 29th. Scotiabank reduced their target price on shares of Intact Financial from C$330.00 to C$325.00 and set a “sector outperform” rating for the company in a research note on Thursday, July 30th. Finally, TD increased their target price on shares of Intact Financial from C$303.00 to C$309.00 and gave the stock a “buy” rating in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Intact Financial currently has an average rating of “Moderate Buy” and a consensus target price of C$325.00.
Get Our Latest Stock Report on IFC
Intact Financial Price Performance
The company has a market capitalization of C$48.45 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 2.01 and a beta of 0.47. The firm’s fifty day moving average price is C$257.32 and its 200-day moving average price is C$265.20.
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.
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