Intact Financial (TSE:IFC) Stock Price Crosses Above 200-Day Moving Average of $0.00
Intact Financial Co. (TSE:IFC)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $124.95. Intact Financial shares last traded at $123.54, with a volume of 92,667 shares changing hands.
IFC has been the topic of several recent analyst reports. Royal Bank of Canada downgraded Intact Financial from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$122.00 to C$135.00 in a research note on Monday, July 22nd. BMO Capital Markets boosted their price objective on Intact Financial from C$123.00 to C$134.00 in a research note on Thursday, August 1st. UBS Group boosted their price objective on Intact Financial from C$122.00 to C$133.00 in a research note on Tuesday, June 18th. Keefe, Bruyette & Woods boosted their price objective on Intact Financial from C$112.00 to C$115.00 in a research note on Monday, May 13th. Finally, National Bank Financial boosted their price objective on Intact Financial from C$110.00 to C$124.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Intact Financial presently has an average rating of “Hold” and an average target price of C$127.64.
The firm has a 50-day simple moving average of C$124.25. The company has a market capitalization of $17.48 billion and a P/E ratio of 23.80. The company has a debt-to-equity ratio of 32.92, a current ratio of 0.30 and a quick ratio of 0.23.
Intact Financial Company Profile (TSE:IFC)
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.
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