Intact Financial (OTCMKTS:IFCZF) Shares Up 4.4% – Here’s What Happened

Intact Financial Co. (OTCMKTS:IFCZF)’s share price was up 4.4% during mid-day trading on Friday . The stock traded as high as $217.03 and last traded at $217.03. Approximately 259 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 13,363 shares. The stock had previously closed at $207.89.

Analysts Set New Price Targets

A number of research firms have weighed in on IFCZF. Jefferies Financial Group upgraded shares of Intact Financial to a “buy” rating in a research report on Tuesday, October 21st. Barclays reaffirmed an “overweight” rating on shares of Intact Financial in a report on Wednesday, November 5th. Finally, National Bankshares restated an “outperform” rating on shares of Intact Financial in a research report on Monday, October 27th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Intact Financial presently has an average rating of “Buy”.

Intact Financial Stock Up 4.4%

The firm’s 50 day simple moving average is $197.76 and its 200 day simple moving average is $204.90.

About Intact Financial

Intact Financial Corporation is a leading Canadian property and casualty insurance provider offering a broad range of personal and commercial insurance products and services. Its primary operations in Canada are conducted through Intact Insurance and belairdirect, while its specialty insurance business in the United States operates under the OneBeacon Insurance Group brand. The company’s portfolio includes coverage for auto, home, commercial property and casualty, specialty lines, and accident and health, supported by risk management and claims solutions tailored to individuals, small and medium-sized enterprises, and large corporate clients.

Tracing its origins to the Halifax Fire Insurance Association founded in 1809, Intact Financial has expanded through a series of strategic mergers and acquisitions.