iA Financial (TSE:IAG – Get Free Report) had its price objective lifted by equities researchers at National Bank Financial from C$215.00 to C$221.00 in a report issued on Tuesday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial‘s price objective indicates a potential upside of 1.38% from the stock’s previous close.
Several other equities research analysts have also issued reports on IAG. TD lifted their price target on iA Financial from C$214.00 to C$218.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Scotiabank increased their price objective on iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Scotia raised their price objective on iA Financial from C$198.52 to C$223.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Desjardins boosted their target price on iA Financial from C$205.00 to C$220.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Finally, Canadian Imperial Bank of Commerce upped their target price on iA Financial from C$208.00 to C$220.00 in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$214.95.
Check Out Our Latest Analysis on IAG
iA Financial Stock Performance
iA Financial stock traded up C$4.39 during midday trading on Tuesday, reaching C$218.00. 187,421 shares of the stock were exchanged, compared to its average volume of 325,303. iA Financial has a 52 week low of C$145.44 and a 52 week high of C$225.14. The firm has a market cap of C$19.27 billion, a PE ratio of 18.76, a PEG ratio of 1.26 and a beta of 0.74. The company’s fifty day moving average is C$209.06 and its 200-day moving average is C$185.52.
iA Financial (TSE:IAG – Get Free Report) last released its quarterly earnings results on Monday, November 9th. The company reported C$4.03 earnings per share for the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. The firm had revenue of C$3.06 billion for the quarter. On average, sell-side analysts anticipate that iA Financial will post 11.62 earnings per share for the current fiscal year.
About iA Financial
iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc.
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