Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) had its target price upped by equities researchers at TD Securities from C$61.00 to C$62.00 in a note issued to investors on Friday. TD Securities’ price objective would indicate a potential upside of 23.98% from the stock’s current price.
Other analysts have also issued reports about the stock. CIBC set a C$61.00 price target on shares of Industrial Alliance Insur. & Fin. Ser. in a research report on Monday, October 29th. Canaccord Genuity upped their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$60.00 to C$61.00 in a research report on Friday. Royal Bank of Canada raised shares of Industrial Alliance Insur. & Fin. Ser. from a “sector perform” rating to an “outperform” rating and set a C$66.00 price target on the stock in a research report on Friday, November 9th. Finally, National Bank Financial dropped their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$58.00 to C$55.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 24th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Industrial Alliance Insur. & Fin. Ser. has a consensus rating of “Buy” and an average price target of C$60.50.
Get Industrial Alliance Insur. & Fin. Ser. alerts:TSE IAG opened at C$50.01 on Friday. The company has a debt-to-equity ratio of 15.76, a quick ratio of 0.31 and a current ratio of 0.54. Industrial Alliance Insur. & Fin. Ser. has a 1 year low of C$41.32 and a 1 year high of C$58.04. The firm has a market cap of $5.39 billion and a price-to-earnings ratio of 8.95.
In related news, insider Michael Lee Stickney acquired 700 shares of the company’s stock in a transaction dated Tuesday, November 27th. The shares were bought at an average cost of C$36.02 per share, with a total value of C$25,214.00. Also, insider Denis Ricard acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, December 4th. The stock was bought at an average cost of C$47.20 per share, for a total transaction of C$94,400.00. Insiders bought 15,800 shares of company stock worth $689,697 over the last three months.
Industrial Alliance Insur. & Fin. Ser. Company Profile
iA Financial Corporation Inc provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement US Operations, and Other segments. It offers various individual insurance products and services, including life, car, leisure vehicle and RV, home, mortgage, critical illness and disability, personal accident, travel, and other group insurance products; residential mortgage loans, registered retirement savings plan (RRSP) loans, registered education savings plan (RESP) loans, and investment loans; and savings and retirement products.
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