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

Intact Financial (TSE:IFC) had its price objective upped by BMO Capital Markets from C$290.00 to C$315.00 in a report issued on Thursday morning,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the stock. CIBC boosted their price target on shares of Intact Financial from C$280.00 to C$290.00 and gave the stock a “neutral” rating in a research note on Thursday. Cibc World Mkts downgraded shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. TD Securities boosted their target price on shares of Intact Financial from C$300.00 to C$324.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James boosted their target price on shares of Intact Financial from C$290.00 to C$302.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, National Bankshares boosted their target price on shares of Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$292.90.

Intact Financial Stock Down 1.1 %

TSE:IFC opened at C$287.10 on Thursday. The company has a fifty day simple moving average of C$262.47 and a two-hundred day simple moving average of C$260.27. The company has a market cap of C$51.07 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. Intact Financial has a 52 week low of C$213.11 and a 52 week high of C$294.35.

Insider Activity at Intact Financial

In related news, Senior Officer Benoit Morissette sold 6,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total value of C$1,722,738.00. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the business’s stock in a transaction 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. Insiders sold a total of 14,300 shares of company stock valued at $3,957,892 over the last ninety days. Insiders own 0.24% of the company’s stock.

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.