Intact Financial (TSE:IFC) Shares Cross Above 200-Day Moving Average – Time to Sell?

by · The Cerbat Gem

Intact Financial Co. (TSE:IFC – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$286.63 and traded as high as C$286.75. Intact Financial shares last traded at C$284.47, with a volume of 92,768 shares.

Analysts Set New Price Targets

IFC has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their price objective on shares of Intact Financial from C$315.00 to C$320.00 in a report on Thursday, November 6th. National Bankshares increased their target price on shares of Intact Financial from C$352.00 to C$358.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Barclays lifted their price target on Intact Financial from C$312.00 to C$318.00 in a research note on Wednesday, November 5th. Royal Bank Of Canada reduced their price target on Intact Financial from C$324.00 to C$304.00 in a report on Thursday, November 6th. Finally, Scotiabank lowered their price target on Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Intact Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$317.91.

Get Our Latest Stock Analysis on IFC

Intact Financial Trading Down 0.9%

The stock has a market cap of C$50.55 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 2.01 and a beta of 0.10. The firm’s 50-day moving average is C$270.33 and its two-hundred day moving average is C$286.63.

About Intact Financial

(Get Free Report)

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.

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