CIBC Has Lowered Expectations for iA Financial (TSE:IAG) Stock Price

iA Financial (TSE:IAG) had its price objective dropped by research analysts at CIBC from C$149.00 to C$144.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price indicates a potential upside of 5.09% from the company’s previous close.

IAG has been the topic of several other reports. Desjardins boosted their target price on iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a report on Thursday, February 20th. TD Securities raised their target price on iA Financial from C$146.00 to C$147.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Scotiabank downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. BMO Capital Markets raised their price objective on shares of iA Financial from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, Royal Bank of Canada set a C$141.00 target price on shares of iA Financial and gave the stock a “sector perform” rating in a research report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$139.75.

iA Financial Trading Up 3.3 %

Shares of IAG opened at C$137.02 on Thursday. The stock has a market cap of C$12.86 billion, a PE ratio of 13.05, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a 1 year low of C$84.29 and a 1 year high of C$141.88. The stock has a 50 day simple moving average of C$129.84 and a 200-day simple moving average of C$129.49.

Insider Activity at iA Financial

In related news, Senior Officer Alain Bergeron sold 2,750 shares of iA Financial stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of C$136.99, for a total transaction of C$376,722.50. Over the last three months, insiders sold 12,750 shares of company stock valued at $1,731,044. 0.09% of the stock is owned by corporate 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.