iA Financial (TSE:IAG) Given New C$80.00 Price Target at National Bankshares

iA Financial (TSE:IAGGet Rating) had its price objective lowered by National Bankshares from C$88.00 to C$80.00 in a report published on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also weighed in on IAG. BMO Capital Markets raised their price objective on shares of iA Financial from C$92.00 to C$94.00 in a research report on Thursday, February 17th. Canaccord Genuity Group raised their price objective on shares of iA Financial from C$89.50 to C$91.00 in a research report on Friday, February 18th. TD Securities cut their price objective on shares of iA Financial from C$94.00 to C$90.00 and set a buy rating on the stock in a research report on Friday. Scotiabank cut their price objective on shares of iA Financial from C$92.00 to C$85.00 in a research report on Monday, May 2nd. Finally, CIBC cut their price objective on shares of iA Financial from C$87.00 to C$78.00 in a research report on Tuesday, April 26th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, iA Financial presently has an average rating of Buy and a consensus price target of C$85.05.

TSE IAG opened at C$64.81 on Friday. The company has a 50 day simple moving average of C$72.27 and a 200-day simple moving average of C$74.46. The company has a debt-to-equity ratio of 36.30, a current ratio of 0.94 and a quick ratio of 0.45. The firm has a market capitalization of C$6.97 billion and a price-to-earnings ratio of 8.42. iA Financial has a 52-week low of C$58.70 and a 52-week high of C$85.25.

In other news, Senior Officer Denis Ricard sold 10,000 shares of iA Financial stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of C$80.08, for a total value of C$800,800.00. Following the transaction, the insider now owns 44,000 shares of the company’s stock, valued at C$3,523,520.

About iA Financial (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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