iA Financial (TSE:IAG) Price Target Raised to C$120.00

iA Financial (TSE:IAG) had its price objective hoisted by research analysts at CIBC from C$106.00 to C$120.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 4.26% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. TD Securities raised their price target on iA Financial from C$110.00 to C$114.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. National Bankshares cut iA Financial from an “outperform” rating to a “sector perform” rating and increased their target price for the company from C$102.00 to C$118.00 in a report on Friday, October 25th. Scotiabank upped their price objective on iA Financial from C$100.00 to C$110.00 in a research report on Thursday, August 8th. National Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada upped their target price on shares of iA Financial from C$102.00 to C$105.00 and gave the company a “moderate buy” rating in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$111.00.

iA Financial Price Performance

IAG traded up C$0.55 on Wednesday, hitting C$115.10. 117,811 shares of the company were exchanged, compared to its average volume of 281,105. iA Financial has a fifty-two week low of C$79.39 and a fifty-two week high of C$119.25. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. The firm has a market capitalization of C$10.95 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The business’s fifty day moving average is C$109.20 and its 200 day moving average is C$95.30.

iA Financial (TSE:IAG) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.58 by C$0.17. The business had revenue of C$1.64 billion for the quarter. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. As a group, sell-side analysts anticipate that iA Financial will post 11.6187564 EPS for the current year.

iA Financial Company Profile

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.