Desjardins Issues Positive Forecast for iA Financial (TSE:IAG) Stock Price

iA Financial (TSE:IAG) had its price target hoisted by Desjardins from C$149.00 to C$163.00 in a report published on Wednesday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other brokerages have also recently commented on IAG. Royal Bank Of Canada increased their target price on shares of iA Financial from C$142.00 to C$151.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. TD Securities increased their target price on shares of iA Financial from C$158.00 to C$175.00 in a report on Wednesday, October 8th. BMO Capital Markets increased their target price on shares of iA Financial from C$148.00 to C$160.00 in a report on Friday, July 11th. National Bankshares increased their target price on shares of iA Financial from C$141.00 to C$146.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 6th. Finally, Scotiabank upgraded shares of iA Financial to a “strong-buy” rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, iA Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of C$151.13.

iA Financial Stock Up 0.6%

iA Financial stock opened at C$159.80 on Wednesday. The stock has a market capitalization of C$14.83 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.26 and a beta of 0.89. iA Financial has a twelve month low of C$112.23 and a twelve month high of C$162.94. The company has a 50 day moving average of C$152.70 and a 200-day moving average of C$143.11.

Insider Activity

In other news, insider St�Phanie Butt Thibodeau sold 3,000 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of C$149.00, for a total value of C$447,000.00. Also, insider Pierre Miron sold 20,000 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of C$150.60, for a total transaction of C$3,011,960.00. Following the completion of the transaction, the insider directly owned 4,900 shares in the company, valued at C$737,930.20. The trade was a 80.32% decrease in their ownership of the stock. 0.09% of the stock is owned by corporate insiders.

iA Financial Company Profile

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.