iA Financial Co. Inc. (TSE:IAG) Stock Has Consensus Target Price of C$213.50

Key Points

• Analyst consensus is “Hold” for iA Financial, with eight hold ratings and one buy rating; the average 12-month price target is C$213.50.
• Recent analysts largely maintained “sector perform” or “hold” views while adjusting targets, which range from C$198.52 to C$223.00.
• The stock opened at C$209.84, near the consensus target, while the company reported quarterly EPS of C$3.68 on revenue of C$3.05 billion.

Shares of iA Financial Co. Inc. (TSE:IAG - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nine ratings firms that are presently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$213.50.

IAG has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price target on iA Financial from C$167.00 to C$213.00 and gave the company a "sector perform" rating in a report on Thursday, August 6th. National Bank Financial decreased their price objective on iA Financial from C$216.00 to C$215.00 and set a "sector perform" rating for the company in a report on Monday. Scotia increased their price objective on iA Financial from C$198.52 to C$223.00 and gave the stock a "sector perform" rating in a report on Thursday, August 6th. TD raised their target price on iA Financial from C$214.00 to C$218.00 and gave the company a "hold" rating in a research report on Wednesday, August 5th. Finally, Scotiabank raised their target price on iA Financial from C$168.00 to C$198.52 and gave the company a "sector perform" rating in a research report on Wednesday, July 15th.

iA Financial Stock Down 0.5%

Shares of TSE:IAG opened at C$209.84 on Wednesday. The company's 50-day moving average price is C$205.49 and its 200 day moving average price is C$192.16. The company has a market cap of C$18.55 billion, a PE ratio of 18.06, a P/E/G ratio of 1.26 and a beta of 0.81. iA Financial has a fifty-two week low of C$145.44 and a fifty-two week high of C$223.72.

iA Financial (TSE:IAG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported C$3.68 EPS for the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. The firm had revenue of C$3.05 billion during the quarter. As a group, equities analysts anticipate that iA Financial will post 11.62 EPS for the current year.

Insider Transactions at iA Financial

In other iA Financial news, insider Renée Laflamme sold 12,500 shares of the business's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of C$211.86, for a total transaction of C$2,648,250.00. Following the completion of the transaction, the insider owned 11,645 shares in the company, valued at approximately C$2,467,109.70. The trade was a 51.77% decrease in their position. Company insiders own 0.09% of the company's stock.

iA Financial Company Profile

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc

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