Intact Financial (TSE:IFC) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Intact Financial Co. (TSE:IFC) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$282.54 and traded as high as C$286.37. Intact Financial shares last traded at C$285.73, with a volume of 240,281 shares traded.

Analyst Ratings Changes

Several analysts recently commented on IFC shares. National Bankshares boosted their price target on Intact Financial from C$352.00 to C$358.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Royal Bank Of Canada cut their price objective on Intact Financial from C$324.00 to C$304.00 in a report on Thursday, November 6th. Desjardins cut their price target on shares of Intact Financial from C$335.00 to C$305.00 and set a “buy” rating for the company in a report on Friday, October 24th. TD Securities decreased their price objective on shares of Intact Financial from C$359.00 to C$346.00 in a research note on Wednesday, October 22nd. Finally, Scotiabank cut their target price on shares of Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. One research 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$317.91.

Intact Financial Price Performance

The company’s 50 day moving average price is C$278.36 and its 200 day moving average price is C$282.57. The firm has a market capitalization of C$50.77 billion, a P/E ratio of 17.12, a PEG ratio of 2.01 and a beta of 0.18.

Intact Financial (TSE:IFC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$4.46 earnings per share for the quarter. The firm had revenue of C$6.45 billion during the quarter. Intact Financial had a net margin of 8.60% and a return on equity of 13.13%. On average, research analysts anticipate that Intact Financial Co. will post 16.1721014 EPS for the current fiscal 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.