Intact Financial (TSE:IFC) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Intact Financial Co. (TSE:IFC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$265.39 and traded as high as C$278.05. Intact Financial shares last traded at C$276.61, with a volume of 460,586 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. TD cut their price objective on shares of Intact Financial from C$354.00 to C$347.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Barclays lifted their price objective on shares of Intact Financial from C$322.00 to C$327.00 in a report on Wednesday, May 6th. Desjardins cut their price objective on shares of Intact Financial from C$305.00 to C$300.00 and set a “buy” rating on the stock in a report on Monday, April 27th. TD Securities lifted their price objective on shares of Intact Financial from C$346.00 to C$354.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Jefferies Financial Group lifted their price objective on shares of Intact Financial from C$306.00 to C$324.00 in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$322.18.

Intact Financial Stock Performance

The company has a market capitalization of C$48.90 billion, a P/E ratio of 14.73, a PEG ratio of 2.01 and a beta of 0.32. The stock has a 50 day moving average price of C$259.88 and a 200 day moving average price of C$265.39.

Intact Financial (TSE:IFC) last released its earnings results on Tuesday, May 5th. The company reported C$4.61 EPS for the quarter. The company 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%. As a group, sell-side 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.