Intact Financial (TSE:IFC) Price Target Raised to C$301.00 at Jefferies Financial Group

Intact Financial (TSE:IFC) had its price objective lifted by investment analysts at 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 suggests a potential upside of 4.41% from the stock’s current price.

A number of other research analysts also recently issued reports on IFC. National Bankshares boosted their price target on Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Scotiabank boosted their target price on shares of Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. 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. Raymond James upped their price objective 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. Finally, BMO Capital Markets increased their price objective on shares of Intact Financial from C$275.00 to C$290.00 in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Intact Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$292.90.

Intact Financial Trading Down 0.7 %

Shares of TSE IFC traded down C$1.96 during trading on Thursday, reaching C$288.30. 124,899 shares of the company traded hands, compared to its average volume of 237,941. Intact Financial has a 12-month low of C$213.11 and a 12-month high of C$294.35. The stock has a market cap of C$51.28 billion, a P/E ratio of 22.32, a PEG ratio of 2.01 and a beta of 0.57. The firm’s fifty day simple moving average is C$262.47 and its 200 day simple moving average is C$260.27.

Insider Buying and Selling

In other news, Senior Officer Darren Christopher Godfrey sold 1,850 shares of Intact Financial stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$272.50, for a total value of C$504,125.00. Also, Senior Officer Frédéric Cotnoir sold 450 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$266.73, for a total value of C$120,028.50. Over the last three months, insiders sold 8,300 shares of company stock worth $2,235,154. Company insiders own 0.24% of the company’s stock.

Intact Financial Company Profile

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.