Intact Financial (TSE:IFC) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Intact Financial (TSE:IFC) to a hold rating in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The brokerage currently has C$329.00 target price on the stock.

A number of other brokerages have also issued reports on IFC. Jefferies Financial Group lifted their target price on Intact Financial from C$201.00 to C$289.00 in a research report on Monday, April 21st. Desjardins lifted their price objective on shares of Intact Financial from C$320.00 to C$330.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Scotiabank increased their target price on shares of Intact Financial from C$298.00 to C$305.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. UBS Group raised their target price on shares of Intact Financial from C$275.00 to C$290.00 in a research report on Tuesday, February 18th. Finally, TD Securities boosted their price target on shares of Intact Financial from C$328.00 to C$349.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and six 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 target price of C$312.55.

Intact Financial Price Performance

Shares of Intact Financial stock opened at C$305.34 on Wednesday. The firm has a market cap of C$54.32 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The stock’s 50-day moving average is C$302.79 and its 200-day moving average is C$282.98. Intact Financial has a one year low of C$219.53 and a one year high of C$315.99.

Insider Buying and Selling at Intact Financial

In other Intact Financial news, Director Timothy Michael Miller sold 13,028 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of C$309.88, for a total transaction of C$4,037,064.53. 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.