iA Financial (TSE:IAG – Get Free Report) was downgraded by equities research analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research report issued on Thursday,BayStreet.CA reports. They presently have a C$137.00 price target on the stock, up from their prior price target of C$105.00. Royal Bank of Canada’s price objective suggests a potential upside of 4.69% from the stock’s current price.
Several other research firms also recently weighed in on IAG. National Bank Financial downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Scotiabank boosted their target price on iA Financial from C$126.00 to C$143.00 in a research report on Thursday. TD Securities increased their price target on iA Financial from C$132.00 to C$135.00 in a report on Wednesday. Cormark boosted their price objective on iA Financial from C$127.00 to C$130.00 in a report on Wednesday. Finally, CIBC increased their target price on iA Financial from C$106.00 to C$120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$128.50.
Check Out Our Latest Stock Analysis on iA Financial
iA Financial Trading Down 2.1 %
iA Financial (TSE:IAG – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.58 by C$0.17. The firm had revenue of C$1.64 billion for the quarter. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. Research analysts predict that iA Financial will post 11.6187564 earnings per share for the current year.
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.
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