iA Financial (TSE:IAG) Stock Lifted to Moderate Buy by Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of iA Financial (TSE:IAG) from a hold rating to a moderate buy rating in a report released on Wednesday,Zacks reports.

A number of other equities research analysts also recently weighed in on IAG. BMO Capital Markets raised their price target on iA Financial from C$225.00 to C$235.00 and gave the company an “outperform” rating in a research report on Wednesday. National Bank Financial upped their price objective on iA Financial from C$215.00 to C$221.00 and gave the stock a “sector perform” rating in a report on Tuesday. TD upped their price objective on iA Financial from C$219.00 to C$225.00 and gave the stock a “hold” rating in a report on Tuesday. Scotiabank increased their price objective on iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce raised their price objective on iA Financial from C$208.00 to C$220.00 in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$217.17.

iA Financial Price Performance

Shares of iA Financial stock opened at C$222.55 on Wednesday. iA Financial has a 1 year low of C$145.44 and a 1 year high of C$225.14. The firm has a market cap of C$19.38 billion, a PE ratio of 20.98, a PEG ratio of 1.26 and a beta of 0.74. The company has a 50 day simple moving average of C$209.96 and a two-hundred day simple moving average of C$186.02.

iA Financial (TSE:IAG) last issued its quarterly earnings results on Monday, November 9th. The company reported C$4.03 EPS for the quarter. The firm had revenue of C$3.06 billion for the quarter. iA Financial had a net margin of 7.71% and a return on equity of 12.43%. As a group, research analysts anticipate that iA Financial will post 11.62 earnings per share for the current year.

Key iA Financial News

These are some of the IAG news items that stood out recently:

• Positive Sentiment: iA Financial announced a 7% increase in its common-share dividend alongside its Q3 results, boosting the income return to shareholders. iA Financial Group Reports Q3 Results, Announces 7% Common Dividend Increase
• Positive Sentiment: BMO raised its price target to C$235 and maintained an Outperform rating. BMO Capital Markets recommendations
• Neutral Sentiment: Desjardins lifted its target to C$230 but kept a Hold rating, signaling a more measured view. Tickerreport coverage

About iA Financial

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc.