Intact Financial (TSE:IFC) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Intact Financial Co. (TSE:IFC)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$283.35 and traded as high as C$286.08. Intact Financial shares last traded at C$285.52, with a volume of 281,022 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IFC shares. TD Securities reduced their price objective on Intact Financial from C$359.00 to C$346.00 in a research note on Wednesday, October 22nd. Barclays raised their price target on shares of Intact Financial from C$312.00 to C$318.00 in a report on Wednesday, November 5th. National Bankshares boosted their price objective on shares of Intact Financial from C$352.00 to C$358.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. BMO Capital Markets increased their price objective on shares of Intact Financial from C$315.00 to C$320.00 in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada reduced their target price on shares of Intact Financial from C$324.00 to C$304.00 in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$317.91.

Intact Financial Price Performance

The company has a market cap of C$50.73 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 2.01 and a beta of 0.18. The company’s 50-day simple moving average is C$275.01 and its 200-day simple moving average is C$283.35.

Intact Financial (TSE:IFC) last posted its earnings results on Tuesday, November 4th. The company reported C$4.46 EPS for the quarter. The business had revenue of C$6.45 billion for the quarter. Intact Financial had a net margin of 8.60% and a return on equity of 13.13%. Equities analysts predict that Intact Financial Co. will post 16.1721014 EPS for the current fiscal year.

About Intact Financial

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.