Intact Financial (TSE:IFC) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Intact Financial Co. (TSE:IFC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$265.85 and traded as high as C$298.24. Intact Financial shares last traded at C$297.02, with a volume of 321,970 shares trading hands.

Wall Street Analyst Weigh In

IFC has been the topic of several research reports. Raymond James Financial cut their price target on Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Jefferies Financial Group raised their target price on shares of Intact Financial from C$306.00 to C$324.00 in a research report on Monday, May 4th. TD reduced their price target on shares of Intact Financial from C$354.00 to C$347.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Barclays increased their price objective on shares of Intact Financial from C$322.00 to C$327.00 in a research note on Wednesday, May 6th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$322.18.

Intact Financial Stock Performance

The stock has a market capitalization of C$52.82 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 2.01 and a beta of 0.32. The company has a current ratio of 1.69, a quick ratio of 0.28 and a debt-to-equity ratio of 23.33. The firm has a 50-day moving average of C$272.09 and a 200-day moving average of C$266.08.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share for the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%.The business had revenue of C$5.83 billion for the quarter. As a group, sell-side analysts predict that Intact Financial Co. will post 16.1721014 earnings per share for the current 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.