Scotiabank Lowers iA Financial (TSE:IAG) Price Target to C$140.00

iA Financial (TSE:IAG) had its price target decreased by Scotiabank from C$143.00 to C$140.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 2.17% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Desjardins boosted their target price on shares of iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a report on Thursday, February 20th. Royal Bank of Canada set a C$141.00 price target on shares of iA Financial and gave the stock a “sector perform” rating in a research note on Tuesday, April 15th. CIBC cut their price objective on iA Financial from C$149.00 to C$144.00 and set an “outperform” rating on the stock in a research report on Thursday. BMO Capital Markets upped their target price on shares of iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, TD Securities raised their price target 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. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$139.75.

iA Financial Price Performance

Shares of IAG stock opened at C$137.02 on Thursday. The company’s fifty day moving average price is C$129.84 and its 200-day moving average price is C$129.49. iA Financial has a one year low of C$84.29 and a one year high of C$141.88. The company has a market capitalization of C$12.86 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.26 and a beta of 1.13.

Insider Buying and Selling at iA Financial

In related news, Senior Officer Alain Bergeron sold 2,750 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of C$135.37, for a total value of C$372,267.50. Over the last three months, insiders have sold 12,750 shares of company stock valued at $1,731,044. 0.09% of the stock is 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.