iA Financial (TSE:IAG) Price Target Raised to C$221.00

iA Financial (TSE:IAG) had its target price boosted by National Bank Financial from C$215.00 to C$221.00 in a research report released on Tuesday,BayStreet reports. They currently have a sector perform rating on the stock.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets boosted their target price on iA Financial from C$215.00 to C$225.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Royal Bank Of Canada raised their price target on iA Financial from C$167.00 to C$213.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. TD lifted their price objective on iA Financial from C$214.00 to C$218.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Desjardins lifted their price objective on iA Financial from C$205.00 to C$220.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Finally, Scotia boosted their price objective on iA Financial from C$198.52 to C$223.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Two equities 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 currently has an average rating of “Hold” and an average target price of C$217.17.

iA Financial Stock Performance

TSE:IAG opened at C$218.72 on Tuesday. The stock’s fifty day moving average price is C$210.31 and its two-hundred day moving average price is C$186.28. iA Financial has a 52-week low of C$145.44 and a 52-week high of C$225.14. The company has a market cap of C$19.05 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 1.26 and a beta of 0.74.

iA Financial (TSE:IAG) last announced its quarterly earnings data 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 return on equity of 12.43% and a net margin of 7.71%. On average, equities analysts predict that iA Financial will post 11.62 EPS for the current fiscal year.

More iA Financial News

Here’s some of the latest news about IAG:

• Positive Sentiment: iA Financial reported third-quarter results and announced a 7% increase in its common dividend, signaling a larger cash return to shareholders. Q3 results and dividend announcement
• Positive Sentiment: The company announced an equity buyback covering 4,355,019 shares, or 5% of its issued share capital, which could support per-share value and return capital to shareholders. Share buyback announcement
• Positive Sentiment: Analyst sentiment improved: RBC upgraded the stock to “outperform,” while BMO raised its price target to C$235 and maintained “outperform.” Desjardins also raised its target, to C$230, while keeping a “hold” rating. RBC upgrade

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.