iA Financial (TSE:IAG) Price Target Raised to C$221.00

iA Financial (TSE:IAG) had its target price lifted by stock analysts at National Bank Financial from C$215.00 to C$221.00 in a research note issued on Tuesday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial‘s target price points to a potential upside of 1.38% from the stock’s previous close.

IAG has been the topic of several other research reports. Scotia boosted their target price on shares of 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. Scotiabank increased their target price on shares of iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a research note on Wednesday, July 15th. Desjardins raised their price target on shares of iA Financial from C$205.00 to C$220.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. TD increased their price target on iA Financial from C$214.00 to C$218.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Finally, BMO Capital Markets raised their price objective on iA Financial from C$215.00 to C$225.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, iA Financial has an average rating of “Hold” and a consensus target price of C$214.95.

iA Financial Stock Up 2.1%

Shares of IAG stock traded up C$4.39 during mid-day trading on Tuesday, reaching C$218.00. 187,421 shares of the stock traded hands, compared to its average volume of 325,303. The company has a market cap of C$19.27 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.26 and a beta of 0.74. The stock’s fifty day simple moving average is C$209.06 and its two-hundred day simple moving average is C$185.52. iA Financial has a 1-year low of C$145.44 and a 1-year high of C$225.14.

iA Financial (TSE:IAG) last announced its earnings results on Monday, November 9th. The company reported C$4.03 earnings per share (EPS) for the quarter. The business had revenue of C$3.06 billion during the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. On average, equities research analysts anticipate that iA Financial will post 11.62 EPS for the current fiscal year.

iA Financial Company Profile

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.