Intact Financial (TSE:IFC) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Intact Financial Co. (TSE:IFC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$265.25 and traded as high as C$295.69. Intact Financial shares last traded at C$294.88, with a volume of 747,392 shares.

Analyst Ratings Changes

A number of equities analysts have weighed in on IFC shares. Royal Bank Of Canada reduced their price objective on shares of Intact Financial from C$304.00 to C$289.00 and set a “sector perform” rating for the company in a research report on Thursday, May 7th. TD dropped their target price on shares of Intact Financial from C$354.00 to C$347.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Raymond James Financial cut their target price on shares of Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Jefferies Financial Group upped their price target on shares of Intact Financial from C$306.00 to C$324.00 in a research report on Monday, May 4th. Finally, National Bank Financial raised their price target on shares of Intact Financial from C$364.00 to C$372.00 in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$322.18.

Intact Financial Price Performance

The company has a debt-to-equity ratio of 23.33, a current ratio of 1.69 and a quick ratio of 0.28. The stock has a market capitalization of C$52.13 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 2.01 and a beta of 0.32. The stock has a 50 day moving average price of C$267.31 and a 200-day moving average price of C$265.25.

Intact Financial (TSE:IFC) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$4.61 EPS for the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%.The firm had revenue of C$5.83 billion during the quarter. On average, analysts forecast that Intact Financial Co. will post 16.1721014 earnings per share for the current 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.