Intact Financial (TSE:IFC) Given New C$302.00 Price Target at Raymond James

Intact Financial (TSE:IFC) had its price objective upped by Raymond James from C$290.00 to C$302.00 in a research note released on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on IFC. BMO Capital Markets increased their price target on Intact Financial from C$275.00 to C$290.00 in a research note on Thursday, November 7th. Cibc World Mkts cut Intact Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 29th. TD Securities increased their price objective on Intact Financial from C$300.00 to C$324.00 and gave the stock a “buy” rating in a research report on Wednesday. National Bankshares increased their price objective on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. Finally, Scotiabank increased their price objective on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$292.90.

Intact Financial Trading Down 1.1 %

IFC opened at C$287.10 on Thursday. Intact Financial has a 1-year low of C$213.11 and a 1-year high of C$294.35. The stock’s fifty day simple moving average is C$262.47 and its 200 day simple moving average is C$260.27. The stock has a market cap of C$51.07 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Insider Transactions at Intact Financial

In related news, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$272.50, for a total value of C$504,125.00. Also, Senior Officer Benoit Morissette sold 6,000 shares of the firm’s stock in a transaction dated 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. In the last three months, insiders have sold 14,300 shares of company stock valued at $3,957,892. 0.24% of the stock is owned by corporate insiders.

Intact Financial Company Profile

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.