Intact Financial (TSE:IFC) Given New C$315.00 Price Target at Desjardins

Intact Financial (TSE:IFC) had its target price boosted by analysts at Desjardins from C$295.00 to C$315.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 9.26% from the company’s previous close.

A number of other analysts have also recently commented on the stock. TD Securities upped their price target on shares of Intact Financial from C$300.00 to C$324.00 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group increased their price target on Intact Financial from C$284.00 to C$301.00 in a research report on Thursday. BMO Capital Markets increased their target price on shares of Intact Financial from C$290.00 to C$315.00 in a research report on Thursday. National Bankshares lifted their target price on Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Finally, Raymond James raised their price target on Intact Financial from C$290.00 to C$302.00 and gave the company an “outperform” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$292.90.

Intact Financial Stock Down 0.7 %

Intact Financial stock traded down C$1.96 during trading hours on Thursday, hitting C$288.30. The stock had a trading volume of 124,899 shares, compared to its average volume of 237,941. The business’s 50 day simple moving average is C$262.47 and its 200-day simple moving average is C$260.27. The stock has a market cap of C$51.28 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a one year low of C$213.11 and a one year high of C$294.35.

Insiders Place Their Bets

In other Intact Financial news, Senior Officer Charles Brindamour sold 6,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of C$268.50, for a total value of C$1,611,000.00. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$272.50, for a total transaction of C$504,125.00. Insiders have sold 8,300 shares of company stock valued at $2,235,154 in the last ninety days. Company 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.