Intact Financial (TSE:IFC) Stock Price Expected to Rise, Raymond James Analyst Says

Intact Financial (TSE:IFC) had its price target increased by Raymond James from C$290.00 to C$302.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 4.75% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. National Bankshares raised their price objective on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. BMO Capital Markets boosted their target price on Intact Financial from C$275.00 to C$290.00 in a research note on Thursday, November 7th. Scotiabank lifted their target price on shares of Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. 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 report on Wednesday. Finally, Cibc World Mkts cut Intact Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$292.90.

Intact Financial Price Performance

TSE IFC traded down C$1.96 on Thursday, hitting C$288.30. The company had a trading volume of 124,899 shares, compared to its average volume of 237,941. Intact Financial has a 12-month low of C$213.11 and a 12-month high of C$294.35. The company has a market capitalization of C$51.28 billion, a PE ratio of 22.32, a PEG ratio of 2.01 and a beta of 0.57. The company’s fifty day moving average price is C$262.47 and its 200-day moving average price is C$260.27.

Insider Buying and Selling

In related news, Senior Officer Frédéric Cotnoir sold 450 shares of the business’s 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. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of C$272.50, for a total transaction of C$504,125.00. Insiders sold 8,300 shares of company stock valued at $2,235,154 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

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.