Intact Financial (TSE:IFC) Price Target Raised to C$320.00 at Desjardins

Intact Financial (TSE:IFC) had its price target upped by Desjardins from C$315.00 to C$320.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other analysts have also commented on IFC. Scotiabank raised their target price on shares of Intact Financial from C$295.00 to C$298.00 and gave the stock an “outperform” rating in a report on Thursday. CIBC boosted their target price on Intact Financial from C$280.00 to C$290.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. BMO Capital Markets increased their price target on Intact Financial from C$290.00 to C$315.00 in a research report on Thursday, February 13th. Cibc World Mkts downgraded Intact Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, TD Securities lifted 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 report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Intact Financial currently has an average rating of “Moderate Buy” and a consensus price target of C$293.36.

Intact Financial Stock Up 0.0 %

TSE:IFC opened at C$298.79 on Thursday. Intact Financial has a 52-week low of C$218.50 and a 52-week high of C$299.75. The firm has a market cap of C$53.15 billion, a P/E ratio of 23.14, a PEG ratio of 2.01 and a beta of 0.57. The business’s 50-day moving average price is C$285.63 and its 200 day moving average price is C$272.26.

Insider Activity at Intact Financial

In other Intact Financial news, Senior Officer Benoit Morissette sold 6,000 shares of Intact Financial stock in a transaction on Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. Corporate insiders own 0.24% of the company’s stock.

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.