UBS Group Raises Intact Financial (TSE:IFC) Price Target to C$290.00

Intact Financial (TSE:IFC) had its target price increased by stock analysts at UBS Group from C$275.00 to C$290.00 in a research note issued on Tuesday,BayStreet.CA reports. UBS Group’s target price points to a potential upside of 0.59% from the stock’s current price.

Several other equities analysts have also recently weighed in on IFC. Cibc World Mkts cut Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. CIBC lifted their target price on Intact Financial from C$280.00 to C$290.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Scotiabank lifted their target price on Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. Desjardins lifted their target price on Intact Financial from C$295.00 to C$315.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets lifted their target price on Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$292.64.

Intact Financial Price Performance

Shares of TSE IFC traded up C$0.10 during midday trading on Tuesday, reaching C$288.31. 154,097 shares of the company traded hands, compared to its average volume of 241,993. Intact Financial has a 52 week low of C$216.62 and a 52 week high of C$294.35. The stock has a 50-day moving average price of C$263.50 and a 200 day moving average price of C$261.20. The company has a market cap of C$51.29 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 2.01 and a beta of 0.57.

Insider Activity at Intact Financial

In other news, Senior Officer Benoit Morissette sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. 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 value of C$120,028.50. Insiders have sold a total of 14,300 shares of company stock worth $3,957,892 over the last 90 days. 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.