Intact Financial (TSE:IFC) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Intact Financial Co. (TSE:IFC) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$265.61 and traded as high as C$282.78. Intact Financial shares last traded at C$282.33, with a volume of 180,622 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Intact Financial from C$284.00 to C$301.00 in a research report on Thursday, February 13th. 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. CIBC raised their target price on shares of 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. Cibc World Mkts lowered shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Raymond James raised their target price on shares of Intact Financial from C$290.00 to C$302.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Intact Financial currently has an average rating of “Moderate Buy” and an average price target of C$292.64.

Intact Financial Stock Up 0.7 %

The stock’s 50 day simple moving average is C$271.39 and its two-hundred day simple moving average is C$265.61. The company has a market cap of C$50.22 billion, a PE ratio of 21.86, a P/E/G ratio of 2.01 and a beta of 0.57.

Insider Activity

In other news, Senior Officer Benoit Morissette sold 6,000 shares of the firm’s stock in a transaction 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. 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.