Intact Financial (TSE:IFC) Price Target Raised to C$290.00

Intact Financial (TSE:IFC) had its target price upped by analysts at CIBC from C$280.00 to C$290.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s target price suggests a potential upside of 0.59% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Raymond James increased 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 research report on Thursday. Scotiabank boosted their price target on Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. National Bankshares upped their price objective on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. Jefferies Financial Group boosted their target price on Intact Financial from C$284.00 to C$301.00 in a research note on Thursday. Finally, BMO Capital Markets raised their price target on shares of Intact Financial from C$275.00 to C$290.00 in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$292.90.

Intact Financial Trading Down 0.7 %

Shares of TSE IFC traded down C$1.96 during mid-day trading on Thursday, reaching C$288.30. 124,899 shares of the company’s stock were exchanged, compared to its average volume of 237,941. The business has a fifty day simple moving average of C$262.47 and a 200 day simple moving average of C$260.27. Intact Financial has a twelve month low of C$213.11 and a twelve month high of C$294.35. The firm has a market capitalization of C$51.28 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 2.01 and a beta of 0.57.

Insider Transactions at Intact Financial

In other news, Senior Officer Darren Christopher Godfrey sold 1,850 shares of Intact Financial stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$272.50, for a total transaction of C$504,125.00. Also, Senior Officer Frédéric Cotnoir sold 450 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of C$266.73, for a total transaction of C$120,028.50. In the last 90 days, insiders sold 8,300 shares of company stock worth $2,235,154. 0.24% of the stock is owned by insiders.

About Intact Financial

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.