CIBC Boosts iA Financial (TSE:IAG) Price Target to C$120.00

iA Financial (TSE:IAG) had its price objective lifted by stock analysts at CIBC from C$106.00 to C$120.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 5.78% from the stock’s previous close.

IAG has been the subject of a number of other reports. National Bank Financial lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. BMO Capital Markets upped their price target on shares of iA Financial from C$102.00 to C$111.00 in a research report on Thursday, August 8th. National Bankshares cut iA Financial from an “outperform” rating to a “sector perform” rating and increased their target price for the company from C$102.00 to C$118.00 in a report on Friday, October 25th. Scotiabank boosted their price objective on iA Financial from C$100.00 to C$110.00 in a research report on Thursday, August 8th. Finally, TD Securities raised 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 report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$111.00.

iA Financial Price Performance

Shares of TSE:IAG opened at C$113.44 on Wednesday. The company’s fifty day moving average price is C$109.49 and its 200-day moving average price is C$95.51. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The firm has a market capitalization of C$10.79 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a one year low of C$79.39 and a one year high of C$119.25.

iA Financial (TSE:IAG) last released its earnings results on Tuesday, August 6th. The company reported C$2.75 EPS for the quarter, beating analysts’ consensus estimates of C$2.58 by C$0.17. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. The business had revenue of C$1.64 billion for the quarter. On average, equities research analysts anticipate that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

iA Financial Company Profile

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.