Intact Financial (TSE:IFC) Share Price Passes Below 200 Day Moving Average – Should You Sell?
by Amy Steele · The Cerbat GemShares of Intact Financial Co. (TSE:IFC – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$266.48 and traded as low as C$260.17. Intact Financial shares last traded at C$261.38, with a volume of 390,785 shares trading hands.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on IFC shares. Barclays upped their price objective on Intact Financial from C$319.00 to C$322.00 in a research report on Wednesday, April 8th. Raymond James Financial decreased their price objective on Intact Financial from C$330.00 to C$310.00 in a research report on Wednesday, February 11th. Jefferies Financial Group decreased their price objective on Intact Financial from C$321.00 to C$306.00 in a research report on Thursday, February 12th. Finally, TD Securities upped their price objective on Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intact Financial currently has an average rating of “Moderate Buy” and an average price target of C$318.50.
View Our Latest Research Report on IFC
Intact Financial Stock Performance
The company has a debt-to-equity ratio of 25.21, a current ratio of 6.11 and a quick ratio of 0.28. The firm has a fifty day moving average price of C$255.74 and a two-hundred day moving average price of C$266.37. The stock has a market capitalization of C$45.83 billion, a PE ratio of 14.07, a P/E/G ratio of 2.01 and a beta of 0.34.
Intact Financial (TSE:IFC – Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$5.40 earnings per share for the quarter. Intact Financial had a return on equity of 17.09% and a net margin of 12.91%.The firm had revenue of C$7.10 billion for the quarter. Research analysts expect that Intact Financial Co. will post 16.1721014 EPS for the current year.
About Intact Financial
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.