Jefferies Financial Group Forecasts Strong Price Appreciation for Intact Financial (TSE:IFC) Stock

Intact Financial (TSE:IFC) had its price target lifted by Jefferies Financial Group from C$284.00 to C$301.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Jefferies Financial Group’s target price would suggest a potential upside of 4.44% from the stock’s previous close.

IFC has been the subject of several other research reports. National Bankshares raised their target price on shares of Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Scotiabank raised their price objective on shares of Intact Financial from C$281.00 to C$283.00 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 note on Wednesday, January 29th. Raymond James raised their price target on Intact Financial from C$290.00 to C$302.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, TD Securities boosted their price objective on Intact Financial from C$300.00 to C$324.00 and gave the company a “buy” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$292.90.

Intact Financial Stock Up 0.4 %

Shares of IFC opened at C$288.21 on Thursday. The business has a fifty day moving average of C$262.84 and a 200 day moving average of C$260.57. The company has a market cap 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. Intact Financial has a 52-week low of C$216.62 and a 52-week high of C$294.35.

Insider Transactions at Intact Financial

In related news, Senior Officer Benoit Morissette sold 6,000 shares of the business’s stock in a transaction that occurred on 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. Also, Senior Officer Frédéric Cotnoir sold 450 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$266.73, for a total value of C$120,028.50. In the last 90 days, insiders have sold 14,300 shares of company stock valued at $3,957,892. 0.24% of the stock is currently owned by corporate insiders.

About Intact Financial

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.