Intact Financial (TSE:IFC) Shares Pass Above Two Hundred Day Moving Average of $0.00

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.

Intact Financial (TSE:IFC) last announced its quarterly earnings data on Tuesday, May 11th. The company reported C$2.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$2.29 by C$0.11. The business had revenue of C$3.05 billion during the quarter. On average, sell-side analysts anticipate that Intact Financial Co. will post 10.7144707 earnings per share for the current year.

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.

Featured Article: Fundamental Analysis and Choosing Stocks

Receive News & Ratings for Intact Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intact Financial and related companies with's FREE daily email newsletter.