iA Financial (TSE:IAG) Price Target Lowered to C$90.00 at TD Securities

iA Financial (TSE:IAGGet Rating) had its target price decreased by TD Securities from C$94.00 to C$90.00 in a report released on Friday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. CIBC dropped their target price on shares of iA Financial from C$87.00 to C$78.00 in a report on Tuesday, April 26th. National Bankshares dropped their target price on shares of iA Financial from C$89.00 to C$88.00 in a report on Wednesday, April 20th. BMO Capital Markets raised their target price on shares of iA Financial from C$92.00 to C$94.00 in a report on Thursday, February 17th. Canaccord Genuity Group raised their target price on shares of iA Financial from C$89.50 to C$91.00 in a report on Friday, February 18th. Finally, Scotiabank lowered their price target on shares of iA Financial from C$92.00 to C$85.00 in a report on Monday, May 2nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Buy and an average target price of C$85.05.

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

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

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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