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

iA Financial (TSE:IAG) had its price objective upped by equities researchers at CIBC from C$133.00 to C$143.00 in a report released on Wednesday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 8.37% from the company’s current price.

Several other research analysts have also issued reports on IAG. BMO Capital Markets upped their target price on iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. Royal Bank of Canada lowered shares of iA Financial from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$105.00 to C$137.00 in a research report on Thursday, November 7th. 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. Scotiabank raised their price target on shares of iA Financial from C$126.00 to C$143.00 in a report on Thursday, November 7th. Finally, National Bankshares boosted their price objective on shares of iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$129.75.

iA Financial Trading Up 1.6 %

Shares of TSE IAG opened at C$131.95 on Wednesday. iA Financial has a 1-year low of C$80.95 and a 1-year high of C$134.29. The business has a fifty day moving average price of C$114.52 and a 200 day moving average price of C$98.69. The stock has a market capitalization of C$12.55 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17.

Insider Buying and Selling at iA Financial

In other news, Senior Officer Pierre Miron sold 15,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$129.23, for a total transaction of C$1,938,415.50. Also, Director Denis Ricard sold 7,200 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$131.00, for a total transaction of C$943,200.00. Over the last ninety days, insiders sold 36,000 shares of company stock valued at $4,699,016. 0.09% of the stock is owned by company insiders.

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.