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

Intact Financial (TSE:IFC) had its price target raised by analysts at BMO Capital Markets from C$290.00 to C$315.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 9.30% from the company’s previous close.

Several other research firms have also recently issued reports on IFC. Jefferies Financial Group increased their price objective on shares of Intact Financial from C$284.00 to C$301.00 in a report on Thursday. TD Securities lifted their price objective 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. Cibc World Mkts lowered shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Scotiabank lifted their price target on shares of Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. Finally, CIBC raised their price objective on Intact Financial from C$280.00 to C$290.00 and gave the stock a “neutral” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$292.90.

Intact Financial Stock Up 0.4 %

Shares of IFC opened at C$288.21 on Thursday. The firm has a market capitalization of C$51.27 billion, a PE ratio of 22.32, a P/E/G ratio of 2.01 and a beta of 0.57. The firm has a 50-day moving average price of C$262.84 and a 200 day moving average price of C$260.57. Intact Financial has a 52-week low of C$216.62 and a 52-week high of C$294.35.

Insider Buying and Selling at Intact Financial

In related news, Senior Officer Frédéric Cotnoir sold 450 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of C$266.73, for a total transaction of C$120,028.50. Also, Senior Officer Charles Brindamour sold 6,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of C$268.50, for a total transaction of C$1,611,000.00. Insiders have sold a total of 14,300 shares of company stock valued at $3,957,892 in the last three months. 0.24% of the stock is currently owned by company 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.