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

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

Other equities analysts have also issued research reports about the stock. Raymond James increased their target price on shares of Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday, November 6th. National Bankshares upped their price target on shares of Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Scotiabank upped their price target on shares of Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. BMO Capital Markets upped their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a research note on Thursday, November 7th. Finally, Cibc World Mkts lowered shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$277.30.

Intact Financial Stock Performance

Shares of Intact Financial stock traded up C$12.89 during trading on Wednesday, hitting C$289.12. 146,261 shares of the stock were exchanged, compared to its average volume of 234,396. The stock’s fifty day moving average is C$262.06 and its 200 day moving average is C$259.93. The stock has a market cap of C$51.57 billion, a PE ratio of 25.45, a P/E/G ratio of 2.01 and a beta of 0.57. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36. Intact Financial has a 12 month low of C$206.57 and a 12 month high of C$289.75.

Insiders Place Their Bets

In other news, 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. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of C$272.50, for a total value of C$504,125.00. In the last three months, insiders sold 8,300 shares of company stock valued at $2,235,154. 0.24% of the stock is currently 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.