TD Securities Forecasts Strong Price Appreciation for iA Financial (TSE:IAG) Stock

iA Financial (TSE:IAGGet Free Report) had its target price increased by stock analysts at TD Securities from C$146.00 to C$147.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 11.37% from the company’s current price.

A number of other research firms have also weighed in on IAG. Royal Bank of Canada upped their target price on shares of iA Financial from C$137.00 to C$141.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. Cormark upped their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. CIBC upped their price objective on shares of iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. National Bankshares upped their price objective on shares of iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. Finally, Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$140.75.

Read Our Latest Report on iA Financial

iA Financial Trading Up 1.8 %

Shares of TSE IAG opened at C$131.99 on Tuesday. The firm’s 50-day moving average price is C$131.57 and its 200-day moving average price is C$121.12. iA Financial has a 1-year low of C$80.95 and a 1-year high of C$141.88. The firm has a market capitalization of C$12.38 billion, a P/E ratio of 12.57, a P/E/G ratio of 1.26 and a beta of 1.13.

Insiders Place Their Bets

In other news, Director Denis Ricard sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total transaction of C$685,000.00. Also, Senior Officer Alain Bergeron sold 2,750 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of C$134.01, for a total transaction of C$368,525.85. Insiders have sold 11,010 shares of company stock worth $1,489,167 in the last three months. 0.09% of the stock is currently owned by corporate insiders.

iA Financial Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for iA Financial (TSE:IAG)

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