Scotiabank Boosts iA Financial (TSE:IAG) Price Target to C$126.00

iA Financial (TSE:IAG) had its price objective lifted by equities research analysts at Scotiabank from C$110.00 to C$126.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 11.07% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. TD Securities lifted their target price on shares of iA Financial from C$110.00 to C$114.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Royal Bank of Canada raised their target price on iA Financial from C$102.00 to C$105.00 and gave the stock a “moderate buy” rating in a research note on Thursday, August 8th. BMO Capital Markets boosted their price target on iA Financial from C$102.00 to C$111.00 in a research note on Thursday, August 8th. CIBC raised their price objective on iA Financial from C$106.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, National Bank Financial lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three investment 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 company has a consensus rating of “Moderate Buy” and an average target price of C$111.00.

iA Financial Trading Down 1.6 %

TSE IAG opened at C$113.44 on Wednesday. iA Financial has a 52 week low of C$79.39 and a 52 week high of C$119.25. The company has a 50 day moving average price of C$109.49 and a 200 day moving average price of C$95.51. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. The firm has a market cap of C$10.79 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) 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 forecast that iA Financial will post 11.6187564 EPS for the current fiscal year.

About iA Financial

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.