Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) Price Target Increased to C$64.00 by Analysts at Canaccord Genuity

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) had its target price upped by Canaccord Genuity from C$63.00 to C$64.00 in a research report sent to investors on Friday morning, BayStreet.CA reports.

Several other equities analysts have also recently issued reports on the stock. National Bank Financial boosted their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$54.00 to C$55.00 and gave the company a sector perform rating in a research note on Friday. TD Securities boosted their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$62.00 to C$65.00 and gave the company a buy rating in a research note on Friday. Finally, Royal Bank of Canada decreased their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$64.00 and set an outperform rating for the company in a research note on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of C$61.14.

Shares of IAG traded up C$2.08 during trading hours on Friday, hitting C$54.19. The stock had a trading volume of 298,300 shares, compared to its average volume of 222,046. The company has a debt-to-equity ratio of 37.84, a current ratio of 0.50 and a quick ratio of 0.27. The business’s 50-day moving average is C$53.37. Industrial Alliance Insur. & Fin. Ser. has a fifty-two week low of C$41.32 and a fifty-two week high of C$55.05. The firm has a market cap of $5.88 billion and a price-to-earnings ratio of 9.51.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) last posted its earnings results on Thursday, May 9th. The company reported C$1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.32 by C($0.04). The company had revenue of C$4.93 billion for the quarter. As a group, research analysts expect that Industrial Alliance Insur. & Fin. Ser. will post 4.8499998 EPS for the current fiscal year.

Industrial Alliance Insur. & Fin. Ser. Company Profile

iA Financial Corporation Inc, through its subsidiary, Industrial Alliance Insurance and Financial Services 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.

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Analyst Recommendations for Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

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