Intact Financial (TSE:IFC) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Intact Financial (TSE:IFC) had its price target raised by Jefferies Financial Group from C$284.00 to C$301.00 in a research report report published on Thursday,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. Cibc World Mkts cut Intact Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 29th. TD Securities upped their price target on Intact Financial from C$300.00 to C$324.00 and gave the company a “buy” rating in a research report on Wednesday. Scotiabank upped their price target on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. BMO Capital Markets upped their price target on Intact Financial from C$275.00 to C$290.00 in a research report on Thursday, November 7th. Finally, National Bankshares upped their price target on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$292.90.

Intact Financial Price Performance

Shares of IFC stock opened at C$287.10 on Thursday. The stock has a market capitalization of C$51.07 billion, a PE ratio of 22.23, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a 1-year low of C$213.11 and a 1-year high of C$294.35. The business has a 50-day moving average of C$262.47 and a 200 day moving average of C$260.27.

Insider Transactions at Intact Financial

In other news, Senior Officer Benoit Morissette sold 6,000 shares of the stock in a transaction that occurred 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. Also, Senior Officer Frédéric Cotnoir sold 450 shares of the firm’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. In the last quarter, insiders sold 14,300 shares of company stock valued at $3,957,892. Corporate insiders own 0.24% of the company’s stock.

Intact Financial Company Profile

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.