Intact Financial Co. (TSE:IFC) Receives C$310.90 Consensus Price Target from Brokerages

Shares of Intact Financial Co. (TSE:IFC) have earned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$310.90.

IFC has been the subject of several research reports. Raymond James Financial lifted their price target on Intact Financial from C$302.00 to C$330.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. CIBC lifted their price target on Intact Financial from C$290.00 to C$300.00 in a report on Friday, April 25th. Jefferies Financial Group lifted their price target on Intact Financial from C$201.00 to C$289.00 in a report on Monday, April 21st. UBS Group lifted their price target on Intact Financial from C$275.00 to C$290.00 in a report on Tuesday, February 18th. Finally, National Bankshares lifted their price objective on Intact Financial from C$336.00 to C$341.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th.

Intact Financial Stock Down 0.6%

IFC opened at C$307.19 on Friday. The stock has a market cap of C$54.65 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.01 and a beta of 0.57. The business has a 50 day moving average of C$301.36 and a 200-day moving average of C$282.43. Intact Financial has a 12-month low of C$218.58 and a 12-month high of C$315.99.

Insider Transactions at Intact Financial

In other Intact Financial news, Director Timothy Michael Miller sold 13,028 shares of the firm’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of C$309.88, for a total value of C$4,037,064.53. Company insiders own 0.24% of the company’s stock.

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.