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

Shares of Intact Financial Co. (TSE:IFC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$265.39 and traded as high as C$278.05. Intact Financial shares last traded at C$276.61, with a volume of 460,586 shares traded.

Analyst Ratings Changes

Several brokerages have recently commented on IFC. TD reduced their price objective on shares of Intact Financial from C$354.00 to C$347.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Raymond James Financial reduced their price objective on shares of Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Jefferies Financial Group raised their price objective on shares of Intact Financial from C$306.00 to C$324.00 in a research report on Monday, May 4th. National Bank Financial raised their price objective on shares of Intact Financial from C$364.00 to C$372.00 in a research report on Wednesday, April 29th. Finally, Barclays raised their price objective on shares of Intact Financial from C$322.00 to C$327.00 in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$322.18.

Intact Financial Trading Up 0.3%

The firm’s 50-day moving average is C$259.88 and its 200-day moving average is C$265.39. The firm has a market cap of C$48.90 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 2.01 and a beta of 0.32.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share (EPS) for the quarter. Intact Financial had a net margin of 12.76% and a return on equity of 16.93%. The business had revenue of C$5.83 billion during the quarter. Analysts forecast 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.