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

iA Financial (TSE:IAG) had its price objective boosted by analysts at TD Securities from C$146.00 to C$147.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 13.50% from the company’s previous close.

Several other research analysts have also commented on the stock. BMO Capital Markets lifted their price target on shares of iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Desjardins upped their target price on iA Financial from C$140.00 to C$145.00 and gave the company a “hold” rating in a report on Thursday, February 20th. National Bankshares boosted their price objective on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday, November 6th. CIBC boosted their price target on shares of iA Financial from C$144.00 to C$149.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada boosted their target price on shares of iA Financial from C$137.00 to C$141.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$140.75.

iA Financial Trading Down 2.6 %

TSE:IAG traded down C$3.40 during mid-day trading on Tuesday, hitting C$129.51. The company had a trading volume of 627,484 shares, compared to its average volume of 243,260. iA Financial has a 1 year low of C$80.95 and a 1 year high of C$141.88. The firm has a market capitalization of C$12.15 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 1.26 and a beta of 1.13. The business has a fifty day simple moving average of C$131.61 and a 200-day simple moving average of C$120.59.

Insiders Place Their Bets

In other news, Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of C$133.64, for a total value of C$367,515.78. Also, Director Denis Ricard sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total transaction of C$685,000.00. Insiders sold 11,010 shares of company stock worth $1,489,142 over the last ninety days. Company insiders own 0.09% of the company’s stock.

About iA Financial

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.