Shares of Intact Financial Co. (TSE:IFC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.00 and traded as high as C$167.95. Intact Financial shares last traded at C$167.58, with a volume of 261,943 shares.
IFC has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on shares of Intact Financial from C$183.00 to C$190.00 and gave the stock an “outperform” rating in a report on Friday, February 12th. UBS Group raised their target price on shares of Intact Financial from C$177.00 to C$178.00 in a research note on Thursday, April 8th. Raymond James reissued a “strong-buy” rating and set a C$180.00 target price on shares of Intact Financial in a research note on Thursday, May 13th. Scotiabank raised their target price on shares of Intact Financial from C$179.00 to C$184.00 in a research note on Thursday, April 29th. Finally, National Bankshares raised their target price on shares of Intact Financial from C$200.00 to C$205.00 and gave the company an “outperform” rating in a research note on Monday, May 10th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Intact Financial has a consensus rating of “Buy” and a consensus price target of C$189.44.
The company has a 50 day moving average of C$162.43. The firm has a market capitalization of C$29.71 billion and a P/E ratio of 16.80. The company has a current ratio of 0.38, a quick ratio of 0.28 and a debt-to-equity ratio of 36.49.
In other news, Senior Officer Lucie Martel sold 800 shares of Intact Financial stock in a transaction that occurred on Friday, May 21st. The shares were sold at an average price of C$159.81, for a total value of C$127,848.00. Following the transaction, the insider now owns 3,147 shares of the company’s stock, valued at approximately C$502,922.07.
About Intact Financial (TSE:IFC)
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, such as fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences.
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