iA Financial (TSE:IAG) Stock Rating Raised to Moderate Buy at Royal Bank Of Canada

iA Financial (TSE:IAG) was upgraded by Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Several other analysts have also recently commented on IAG. Scotia raised their price target on shares of iA Financial from C$198.52 to C$223.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. National Bank Financial upped their price objective on shares of iA Financial from C$215.00 to C$221.00 and gave the company a “sector perform” rating in a research note on Tuesday. Desjardins increased their target price on shares of iA Financial from C$220.00 to C$230.00 and gave the stock a “hold” rating in a research report on Wednesday. Canadian Imperial Bank of Commerce increased their target price on shares of iA Financial from C$208.00 to C$220.00 in a research report on Thursday, August 6th. Finally, Scotiabank lifted their target price on shares of iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$217.17.

iA Financial Stock Performance

TSE IAG opened at C$222.55 on Wednesday. iA Financial has a twelve month low of C$145.44 and a twelve month high of C$225.14. The stock has a market cap of C$19.38 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.26 and a beta of 0.74. The firm’s 50 day moving average price is C$209.96 and its two-hundred day moving average price is C$186.02.

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 company had revenue of C$3.06 billion for the quarter. iA Financial had a net margin of 7.71% and a return on equity of 12.43%. On average, research analysts forecast that iA Financial will post 11.62 EPS for the current fiscal year.

iA Financial News Roundup

These are some of the IAG news items that stood out recently:

• Positive Sentiment: iA Financial announced a 7% increase in its common-share dividend alongside its Q3 results, boosting the income return to shareholders. iA Financial Group Reports Q3 Results, Announces 7% Common Dividend Increase
• Positive Sentiment: RBC upgraded iA Financial to Outperform, adding to the more constructive analyst outlook. RBC Upgrades iA Financial to Outperform
• Positive Sentiment: BMO raised its price target to C$235 and maintained an Outperform rating. BMO Capital Markets recommendations

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.