BMO Capital Markets Boosts Intact Financial (TSE:IFC) Price Target to C$315.00

Intact Financial (TSE:IFC) had its price objective increased by stock analysts at BMO Capital Markets from C$290.00 to C$315.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 9.26% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. TD Securities boosted their target price on shares of Intact Financial from C$300.00 to C$324.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James increased their price objective on Intact Financial from C$290.00 to C$302.00 and gave the stock an “outperform” rating in a research note on Thursday. Cibc World Mkts cut Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Jefferies Financial Group increased their target price on shares of Intact Financial from C$284.00 to C$301.00 in a research report on Thursday. Finally, CIBC increased their price objective on Intact Financial from C$280.00 to C$290.00 and gave the stock a “neutral” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intact Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of C$292.90.

Intact Financial Trading Down 0.7 %

Intact Financial stock traded down C$1.96 during midday trading on Thursday, reaching C$288.30. 124,899 shares of the stock traded hands, compared to its average volume of 237,941. Intact Financial has a fifty-two week low of C$213.11 and a fifty-two week high of C$294.35. The firm has a fifty day moving average price of C$262.47 and a two-hundred day moving average price of C$260.27. The firm has a market cap of C$51.28 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 2.01 and a beta of 0.57.

Insider Activity at Intact Financial

In other Intact Financial news, Senior Officer Charles Brindamour sold 6,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was 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 Intact Financial stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of C$272.50, for a total transaction of C$504,125.00. Over the last quarter, insiders sold 8,300 shares of company stock worth $2,235,154. 0.24% of the stock is owned by insiders.

About Intact Financial

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.