Intact Financial Co. (TSE:IFC) Receives C$292.64 Consensus Target Price from Analysts

Shares of Intact Financial Co. (TSE:IFC) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$292.64.

A number of research firms recently issued reports on IFC. Jefferies Financial Group raised their target price on shares of Intact Financial from C$284.00 to C$301.00 in a research note on Thursday, February 13th. UBS Group lifted their price objective on Intact Financial from C$275.00 to C$290.00 in a research note on Tuesday, February 18th. CIBC increased their target price on Intact Financial from C$280.00 to C$290.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Cibc World Mkts downgraded Intact Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Desjardins increased their price objective on Intact Financial from C$295.00 to C$315.00 and gave the company a “buy” rating in a research report on Thursday, February 13th.

Intact Financial Stock Down 1.3 %

TSE IFC opened at C$280.49 on Friday. The stock has a market capitalization of C$49.90 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. Intact Financial has a 12-month low of C$216.62 and a 12-month high of C$294.35. The company has a 50 day moving average price of C$271.06 and a two-hundred day moving average price of C$265.49.

Insider Activity at Intact Financial

In related news, Senior Officer Benoit Morissette sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. 0.24% of the stock is owned by insiders.

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.