Shares of Intact Financial Co. (TSE:IFC – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$265.61 and traded as high as C$282.78. Intact Financial shares last traded at C$282.33, with a volume of 180,622 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Cibc World Mkts downgraded Intact Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 29th. UBS Group increased their price target on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Tuesday, February 18th. Desjardins boosted their price objective on shares of Intact Financial from C$295.00 to C$315.00 and gave the company a “buy” rating in a report on Thursday, February 13th. BMO Capital Markets increased their target price on shares of Intact Financial from C$290.00 to C$315.00 in a report on Thursday, February 13th. Finally, CIBC boosted their price target on shares of Intact Financial from C$280.00 to C$290.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Intact Financial has an average rating of “Moderate Buy” and a consensus target price of C$292.64.
Get Our Latest Report on Intact Financial
Intact Financial Stock Performance
Insider Buying and Selling
In related news, Senior Officer Benoit Morissette sold 6,000 shares of Intact Financial stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. 0.24% of the stock is currently owned by company insiders.
About Intact Financial
Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space.
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