Intact Financial (TSE:IFC) Given New C$289.00 Price Target at Jefferies Financial Group

Intact Financial (TSE:IFC) had its target price hoisted by Jefferies Financial Group from C$201.00 to C$289.00 in a research note issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target indicates a potential downside of 0.74% from the company’s current price.

Other equities analysts also recently issued research reports about the company. TD Securities boosted their target price on Intact Financial from C$300.00 to C$324.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. BMO Capital Markets boosted their price objective on shares of Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. Raymond James raised their price target on shares of Intact Financial from C$290.00 to C$302.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. CIBC lifted their target price on shares of Intact Financial from C$280.00 to C$290.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, UBS Group increased their target price on Intact Financial from C$275.00 to C$290.00 in a research note on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$291.55.

Intact Financial Stock Down 0.9 %

Shares of IFC stock traded down C$2.78 on Monday, reaching C$291.15. The company had a trading volume of 82,388 shares, compared to its average volume of 302,232. The business’s 50-day moving average is C$284.96 and its 200 day moving average is C$271.38. The stock has a market capitalization of C$51.79 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. Intact Financial has a one year low of C$218.50 and a one year high of C$298.71.

Insider Activity at Intact Financial

In other news, Senior Officer Benoit Morissette sold 6,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total value of C$1,722,738.00. Insiders own 0.24% of the company’s stock.

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.