Intact Financial (TSE:IFC) Given New C$341.00 Price Target at National Bankshares

Intact Financial (TSE:IFC) had its price target lifted by National Bankshares from C$336.00 to C$341.00 in a research note released on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on IFC. Cibc World Mkts downgraded Intact Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 29th. CIBC increased their price target on Intact Financial from C$290.00 to C$300.00 in a report on Friday, April 25th. Jefferies Financial Group boosted their price objective on shares of Intact Financial from C$201.00 to C$289.00 in a research report on Monday, April 21st. Desjardins increased their target price on shares of Intact Financial from C$315.00 to C$320.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Finally, BMO Capital Markets lifted their price target on shares of Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Intact Financial has a consensus rating of “Moderate Buy” and an average price target of C$310.90.

Intact Financial Stock Down 1.3 %

Shares of TSE:IFC opened at C$298.04 on Wednesday. The firm has a fifty day simple moving average of C$290.20 and a two-hundred day simple moving average of C$275.37. Intact Financial has a 52 week low of C$218.58 and a 52 week high of C$311.29. The stock has a market capitalization of C$53.02 billion, a P/E ratio of 23.08, a PEG ratio of 2.01 and a beta of 0.57.

Insider Activity at Intact Financial

In other Intact Financial news, Senior Officer Benoit Morissette sold 6,000 shares of Intact Financial stock in a transaction on Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. 0.24% of the stock is owned by company 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.