Intact Financial (TSE:IFC) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Intact Financial Co. (TSE:IFC)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$266.93 and traded as high as C$283.79. Intact Financial shares last traded at C$283.66, with a volume of 249,293 shares.

Analyst Ratings Changes

Several research firms recently commented on IFC. TD Securities boosted 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, February 12th. Desjardins lifted their price target on shares of Intact Financial from C$295.00 to C$315.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. UBS Group increased their price objective on Intact Financial from C$275.00 to C$290.00 in a report on Tuesday, February 18th. Cibc World Mkts downgraded Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, CIBC increased their price target on Intact Financial from C$280.00 to C$290.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$292.64.

Intact Financial Stock Up 1.1 %

The business’s fifty day moving average is C$274.34 and its two-hundred day moving average is C$266.93. The stock has a market cap of C$50.46 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 2.01 and a beta of 0.57.

Insider Activity at Intact Financial

In related news, Senior Officer Benoit Morissette sold 6,000 shares of the business’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. 0.24% of the stock is currently owned by corporate insiders.

Intact Financial Company Profile

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.