Intact Financial (TSE:IFC) Given New C$324.00 Price Target at TD Securities

Intact Financial (TSE:IFC) had its price objective raised by research analysts at TD Securities from C$300.00 to C$324.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 12.06% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. National Bankshares increased their price objective on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. Scotiabank increased their price objective on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. Cibc World Mkts cut Intact Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 29th. BMO Capital Markets increased their target price on Intact Financial from C$275.00 to C$290.00 in a report on Thursday, November 7th. Finally, Raymond James increased their target price on Intact Financial from C$264.00 to C$290.00 in a report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$277.30.

Intact Financial Stock Performance

IFC traded up C$12.89 during trading hours on Wednesday, reaching C$289.12. The company’s stock had a trading volume of 146,261 shares, compared to its average volume of 234,396. Intact Financial has a 52 week low of C$206.57 and a 52 week high of C$289.75. The company’s 50-day moving average is C$262.06 and its 200-day moving average is C$259.93. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36. The firm has a market cap of C$51.57 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Insider Activity at Intact Financial

In other news, Senior Officer Charles Brindamour sold 6,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of C$268.50, for a total value of C$1,611,000.00. Also, Senior Officer Frédéric Cotnoir sold 450 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$266.73, for a total value of C$120,028.50. In the last three months, insiders have sold 8,300 shares of company stock worth $2,235,154. 0.24% of the stock is owned by company insiders.

Intact Financial Company Profile

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.