BMO Capital Markets Increases iA Financial (TSE:IAG) Price Target to C$140.00

iA Financial (TSE:IAG) had its price objective upped by analysts at BMO Capital Markets from C$126.00 to C$140.00 in a note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 9.38% from the company’s current price.

Other analysts also recently issued research reports about the stock. CIBC boosted their target price on shares of iA Financial from C$120.00 to C$133.00 in a research report on Thursday. Royal Bank of Canada lowered shares of iA Financial from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$105.00 to C$137.00 in a report on Thursday. Cormark upped their target price on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday. National Bankshares lifted their price target on iA Financial from C$118.00 to C$121.00 in a research report on Wednesday. Finally, Scotiabank increased their price objective on iA Financial from C$126.00 to C$143.00 in a report on Thursday. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$128.50.

iA Financial Trading Down 1.8 %

Shares of TSE IAG opened at C$127.99 on Thursday. iA Financial has a 1-year low of C$80.95 and a 1-year high of C$134.29. The business has a fifty day moving average price of C$112.36 and a 200 day moving average price of C$97.25. The stock has a market capitalization of C$12.18 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17.

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

Insider Buying and Selling

In other iA Financial news, Director Denis Ricard sold 7,200 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$131.00, for a total value of C$943,200.00. In related news, Director Denis Ricard sold 7,200 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$131.00, for a total value of C$943,200.00. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of iA Financial stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$130.60, for a total transaction of C$130,600.00. 0.09% of the stock is currently owned by company insiders.

iA Financial Company Profile

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.