Intact Financial (TSE:IFC) Stock Passes Above 200 Day Moving Average – Time to Sell?
by Doug Wharley · The Cerbat GemIntact Financial Co. (TSE:IFC – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$265.87 and traded as high as C$279.73. Intact Financial shares last traded at C$273.89, with a volume of 455,081 shares trading hands.
Analyst Ratings Changes
A number of analysts have commented on the stock. Barclays boosted their price target on shares of Intact Financial from C$322.00 to C$327.00 in a research note on Wednesday, May 6th. Raymond James Financial lowered their target price on shares of Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. TD cut their price target on Intact Financial from C$354.00 to C$347.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Desjardins decreased their price objective on Intact Financial from C$305.00 to C$300.00 and set a “buy” rating for the company in a report on Monday, April 27th. Finally, Royal Bank Of Canada lowered their price objective on Intact Financial from C$304.00 to C$289.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$322.18.
View Our Latest Report on Intact Financial
Intact Financial Stock Performance
The company’s 50 day simple moving average is C$255.94 and its 200 day simple moving average is C$265.87. The stock has a market cap of C$48.42 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 2.01 and a beta of 0.33.
Intact Financial (TSE:IFC – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share for the quarter. The firm had revenue of C$5.83 billion for the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%. Equities research analysts expect that Intact Financial Co. will post 16.1721014 earnings per share for the current year.
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. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.