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

Intact Financial (TSE:IFC) had its price objective boosted by TD Securities from C$300.00 to C$324.00 in a report released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

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

Intact Financial Trading Up 5.1 %

Shares of TSE:IFC opened at C$290.26 on Wednesday. Intact Financial has a 1 year low of C$206.57 and a 1 year high of C$290.54. The firm has a market capitalization of C$51.77 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. The business’s 50 day moving average price is C$262.06 and its 200-day moving average price is C$259.93.

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 Charles Brindamour sold 6,000 shares of Intact Financial stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of C$268.50, for a total value of C$1,611,000.00. Insiders have sold a total of 8,300 shares of company stock worth $2,235,154 in the last quarter. Company insiders own 0.24% of the company’s stock.

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.