Intact Financial (TSE:IFC) Given New C$290.00 Price Target at BMO Capital Markets

Intact Financial (TSE:IFC) had its target price hoisted by equities research analysts at BMO Capital Markets from C$275.00 to C$290.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 9.61% from the company’s previous close.

Several other research firms have also recently issued reports on IFC. National Bankshares raised their target price on Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday. Desjardins boosted their price objective on shares of Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. TD Securities raised their target price on shares of Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday. Jefferies Financial Group cut their target price on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a research note on Thursday, August 22nd. Finally, CIBC raised their price objective on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$274.90.

Intact Financial Trading Down 0.2 %

TSE:IFC traded down C$0.45 during midday trading on Thursday, reaching C$264.57. 87,917 shares of the stock traded hands, compared to its average volume of 286,457. The stock has a market capitalization of C$47.19 billion, a P/E ratio of 23.23, a PEG ratio of 2.01 and a beta of 0.57. Intact Financial has a 12 month low of C$197.82 and a 12 month high of C$273.05. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36. The company has a fifty day moving average of C$259.90 and a 200 day moving average of C$243.33.

Insider Buying and Selling

In other news, Senior Officer Kenneth Anderson sold 2,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$253.88, for a total value of C$507,759.00. 0.24% of the stock is currently owned by 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.