Brokerages Set Intact Financial Co. (TSE:IFC) Target Price at C$267.90

Shares of Intact Financial Co. (TSE:IFC) have received an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$271.40.

A number of brokerages have issued reports on IFC. Jefferies Financial Group cut their price target on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a research note on Thursday, August 22nd. National Bankshares raised their target price on Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday. Desjardins lifted their price target on Intact Financial from C$250.00 to C$255.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. TD Securities increased their price objective on Intact Financial from C$293.00 to C$300.00 in a report on Wednesday. Finally, BMO Capital Markets lifted their target price on Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st.

Intact Financial Stock Performance

Shares of IFC stock opened at C$265.02 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. The company has a market cap of C$47.27 billion, a PE ratio of 23.33, a PEG ratio of 2.01 and a beta of 0.57. Intact Financial has a 12-month low of C$196.27 and a 12-month high of C$273.05. The business’s fifty day simple moving average is C$259.90 and its 200-day simple moving average is C$243.33.

Insider Buying and Selling

In other news, Senior Officer Kenneth Anderson sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$253.88, for a total transaction of C$507,759.00. 0.24% of the stock is owned by company 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.