Short Interest in Intact Financial Co. (OTCMKTS:IFCZF) Expands By 89.1%

Intact Financial Co. (OTCMKTS:IFCZFGet Rating) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 382,600 shares, an increase of 89.1% from the March 15th total of 202,300 shares. Based on an average daily trading volume, of 1,200 shares, the days-to-cover ratio is currently 318.8 days.

IFCZF has been the subject of several research analyst reports. Raymond James lifted their target price on Intact Financial from C$199.00 to C$217.00 in a research report on Thursday, February 10th. BMO Capital Markets boosted their price target on Intact Financial from C$205.00 to C$215.00 in a research report on Thursday, February 10th. Scotiabank decreased their target price on Intact Financial from C$201.00 to C$200.00 in a research note on Tuesday. Finally, Desjardins boosted their target price on Intact Financial from C$195.00 to C$205.00 in a research report on Friday, February 11th. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $206.90.

IFCZF opened at $145.74 on Friday. Intact Financial has a fifty-two week low of $123.42 and a fifty-two week high of $152.57. The firm’s fifty day moving average price is $145.43 and its two-hundred day moving average price is $136.05.

About Intact Financial (Get Rating)

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, Ireland, rest of Europe, and the Middle East. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences.

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