iA Financial (OTCMKTS:IAFNF) Price Target Cut to C$85.00

iA Financial (OTCMKTS:IAFNFGet Rating) had its price target lowered by equities researchers at Scotiabank from C$92.00 to C$85.00 in a report issued on Monday, The Fly reports.

Several other equities analysts have also recently weighed in on the company. CIBC cut iA Financial from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 26th. National Bank Financial lowered their price target on iA Financial from C$89.00 to C$88.00 in a research note on Wednesday, April 20th. Finally, BMO Capital Markets boosted their price target on iA Financial from C$92.00 to C$94.00 in a research note on Thursday, February 17th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, iA Financial has a consensus rating of “Buy” and a consensus price target of $86.72.

iA Financial stock traded up $0.97 during midday trading on Monday, hitting $53.22. The company’s stock had a trading volume of 1,500 shares, compared to its average volume of 1,346. The stock’s 50-day moving average price is $58.82 and its 200-day moving average price is $59.39. iA Financial has a 12 month low of $51.20 and a 12 month high of $66.61.

iA Financial Company Profile (Get Rating)

iA Financial Corporation Inc, through its subsidiary, Industrial Alliance Insurance and Financial Services Inc, provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, US Operations, and Other segments.

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