Intact Financial (TSE:IFC) Price Target Raised to C$290.00 at BMO Capital Markets

Intact Financial (TSE:IFC) had its target price hoisted by stock analysts at BMO Capital Markets from C$275.00 to C$290.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 9.61% from the stock’s current price.

IFC has been the subject of a number of other reports. Scotiabank increased their price target on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday. National Bankshares lifted their target price on Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday. TD Securities lifted their price objective on shares of Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday. Raymond James increased their target price on shares of Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday. Finally, CIBC lifted their price target on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$274.90.

Intact Financial Stock Down 0.2 %

IFC stock traded down C$0.45 during trading on Thursday, reaching C$264.57. The stock had a trading volume of 87,917 shares, compared to its average volume of 286,457. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26. The company has a market capitalization of C$47.19 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a one year low of C$197.82 and a one year high of C$273.05. The company’s 50 day moving average is C$259.90 and its two-hundred day moving average is C$243.33.

Insiders Place Their Bets

In other news, Senior Officer Kenneth Anderson sold 2,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was 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 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.