Intact Financial (TSE:IFC) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Intact Financial Co. (TSE:IFC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$265.25 and traded as high as C$295.69. Intact Financial shares last traded at C$294.88, with a volume of 747,392 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IFC. Desjardins reduced their target price on Intact Financial from C$305.00 to C$300.00 and set a “buy” rating for the company in a report on Monday, April 27th. National Bank Financial lifted their price target on Intact Financial from C$364.00 to C$372.00 in a research report on Wednesday, April 29th. Barclays boosted their price objective on Intact Financial from C$322.00 to C$327.00 in a research note on Wednesday, May 6th. Jefferies Financial Group increased their price objective on Intact Financial from C$306.00 to C$324.00 in a report on Monday, May 4th. Finally, Raymond James Financial lowered their target price on shares of Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$322.18.

Intact Financial Trading Up 1.1%

The company has a fifty day moving average of C$268.62 and a two-hundred day moving average of C$265.54. The company has a quick ratio of 0.28, a current ratio of 1.69 and a debt-to-equity ratio of 23.33. The stock has a market capitalization of C$51.62 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 2.01 and a beta of 0.32.

Intact Financial (TSE:IFC) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$4.61 earnings per share (EPS) for the quarter. The company had revenue of C$5.83 billion for the quarter. Intact Financial had a net margin of 12.76% and a return on equity of 16.93%. On average, research analysts expect that Intact Financial Co. will post 16.1721014 EPS for the current year.

Intact Financial Company Profile

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. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.