CIBC Boosts iA Financial (TSE:IAG) Price Target to C$133.00

iA Financial (TSE:IAG) had its price target upped by investment analysts at CIBC from C$120.00 to C$133.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 3.91% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Scotiabank lifted their price objective on shares of iA Financial from C$126.00 to C$143.00 in a research note on Thursday. National Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. National Bankshares increased their price objective on iA Financial from C$118.00 to C$121.00 in a report on Wednesday. BMO Capital Markets raised their target price on iA Financial from C$102.00 to C$111.00 in a research note on Thursday, August 8th. Finally, Cormark upped their price target on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$128.50.

iA Financial Stock Performance

Shares of IAG opened at C$127.99 on Thursday. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The firm has a market cap of C$12.18 billion, a PE ratio of 17.13, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a 1 year low of C$80.95 and a 1 year high of C$134.29. The stock’s fifty day moving average price is C$112.36 and its two-hundred day moving average price is C$97.25.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.58 by C$0.17. The firm had revenue of C$1.64 billion during the quarter. iA Financial had a net margin of 9.02% and a return on equity of 10.51%. On average, equities research analysts forecast that iA Financial will post 11.6187564 EPS for the current year.

Insider Transactions at iA Financial

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