Intact Financial (TSE:IFC) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Intact Financial Co. (TSE:IFC)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$270.58 and traded as low as C$246.32. Intact Financial shares last traded at C$250.78, with a volume of 1,081,812 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on IFC. TD Securities raised 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. Jefferies Financial Group reduced their price objective on Intact Financial from C$321.00 to C$306.00 in a research note on Thursday, February 12th. Finally, Raymond James Financial lowered their target price on Intact Financial from C$330.00 to C$310.00 in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$318.10.

Intact Financial Trading Up 0.1%

The stock has a fifty day simple moving average of C$264.52 and a 200 day simple moving average of C$270.58. The firm has a market capitalization of C$44.53 billion, a P/E ratio of 13.67, a PEG ratio of 2.01 and a beta of 0.31. The company has a quick ratio of 0.28, a current ratio of 6.11 and a debt-to-equity ratio of 25.21.

Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, February 10th. The company reported C$5.40 earnings per share (EPS) for the quarter. The company had revenue of C$7.10 billion for the quarter. Intact Financial had a return on equity of 17.09% and a net margin of 12.91%. As a group, research analysts forecast that Intact Financial Co. will post 16.1721014 EPS 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.