iA Financial (TSE:IAG) PT Lowered to C$86.00

iA Financial (TSE:IAGGet Rating) had its price target trimmed by Royal Bank of Canada from C$96.00 to C$86.00 in a report issued on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages also recently issued reports on IAG. BMO Capital Markets reduced their price target on shares of iA Financial from C$94.00 to C$89.00 in a report on Friday. TD Securities cut their price objective on shares of iA Financial from C$94.00 to C$90.00 and set a buy rating for the company in a research report on Friday. National Bankshares cut their price objective on shares of iA Financial from C$88.00 to C$80.00 and set an outperform rating for the company 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, Canaccord Genuity Group boosted their price objective on shares of iA Financial from C$89.50 to C$91.00 in a research report on Friday, February 18th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Buy and a consensus price target of C$85.05.

Shares of TSE IAG opened at C$64.81 on Friday. iA Financial has a 12-month low of C$58.70 and a 12-month high of C$85.25. The company has a market capitalization of C$6.97 billion and a PE ratio of 8.42. 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’s 50-day moving average is C$72.27 and its two-hundred day moving average is C$74.46.

In related news, Senior Officer Denis Ricard sold 10,000 shares of the company’s 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 transaction of C$800,800.00. Following the completion of 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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