iA Financial (TSE:IAG) Price Target Raised to C$126.00 at Scotiabank

iA Financial (TSE:IAG) had its price target raised by equities researchers at Scotiabank from C$110.00 to C$126.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 9.47% from the stock’s current price.

Other analysts also recently issued reports about the company. National Bankshares downgraded iA Financial from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$102.00 to C$118.00 in a report on Friday, October 25th. Royal Bank of Canada increased their price target on iA Financial from C$102.00 to C$105.00 and gave the company a “moderate buy” rating in a research note on Thursday, August 8th. CIBC lifted their price objective on iA Financial from C$106.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities increased their target price on shares of iA Financial from C$110.00 to C$114.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, BMO Capital Markets boosted their price target on shares of iA Financial from C$102.00 to C$111.00 in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, iA Financial currently has a consensus rating of “Moderate Buy” and an average target price of C$111.00.

iA Financial Trading Up 0.5 %

iA Financial stock traded up C$0.55 during trading hours on Wednesday, hitting C$115.10. The stock had a trading volume of 117,811 shares, compared to its average volume of 281,105. The stock has a market cap of C$10.95 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 1.26 and a beta of 1.13. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. The business’s 50 day simple moving average is C$109.20 and its 200-day simple moving average is C$95.30. iA Financial has a one year low of C$79.39 and a one year high of C$119.25.

iA Financial (TSE:IAG) last posted its earnings results on Tuesday, August 6th. The company reported C$2.75 EPS for the quarter, topping the consensus estimate of C$2.58 by C$0.17. iA Financial had a net margin of 9.02% and a return on equity of 10.51%. The business had revenue of C$1.64 billion for the quarter. On average, equities analysts predict that iA Financial will post 11.6187564 EPS for the current fiscal 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.