Intact Financial (TSE:IFC) Price Target Raised to C$315.00 at BMO Capital Markets

Intact Financial (TSE:IFC) had its target price increased by BMO Capital Markets from C$290.00 to C$315.00 in a report published on Thursday,BayStreet.CA reports.

A number of other research analysts have also weighed in 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. TD Securities raised their target price on shares of Intact Financial from C$300.00 to C$324.00 and gave the stock a “buy” rating in a research note on Wednesday. CIBC raised their target price on shares of Intact Financial from C$280.00 to C$290.00 and gave the stock a “neutral” rating in a research note on Thursday. 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. Finally, Raymond James raised their target price on shares of Intact Financial from C$290.00 to C$302.00 and gave the stock an “outperform” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$292.90.

Intact Financial Trading Down 1.1 %

Shares of Intact Financial stock opened at C$287.10 on Thursday. The firm’s 50-day moving average price is C$262.47 and its 200 day moving average price is C$260.27. Intact Financial has a twelve month low of C$213.11 and a twelve month high of C$294.35. The firm has a market capitalization of C$51.07 billion, a PE ratio of 22.23, a P/E/G ratio of 2.01 and a beta of 0.57.

Insider Activity

In related news, Senior Officer Charles Brindamour sold 6,000 shares of Intact Financial stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of C$268.50, for a total value of C$1,611,000.00. Also, Senior Officer Frédéric Cotnoir sold 450 shares of Intact Financial stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of C$266.73, for a total transaction of C$120,028.50. In the last 90 days, insiders have sold 14,300 shares of company stock valued at $3,957,892. 0.24% of the stock is currently owned by company insiders.

Intact Financial Company Profile

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.