iA Financial (TSE:IAG) Hits New 1-Year High - Time to Buy?

Key Points

• iA Financial recently reached a new 52-week high of C$152.27, with the stock trading at C$151.78 during mid-day on Wednesday.
• Wall Street analysts have varied ratings for iA Financial, with two analysts giving it a Strong Buy rating, while five have rated it as a Hold.
• The company's market cap stands at C$14.13 billion with a PE ratio of 14.22, indicating its financial stability and growth potential.

iA Financial Co. Inc. (TSE:IAG - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$152.27 and last traded at C$151.78, with a volume of 169918 shares trading hands. The stock had previously closed at C$149.31.

Wall Street Analysts Forecast Growth

IAG has been the topic of several recent research reports. Cormark cut shares of iA Financial from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 30th. National Bankshares upped their price objective on iA Financial from C$141.00 to C$146.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 6th. TD Securities upped their price objective on shares of iA Financial from C$140.00 to C$147.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Desjardins raised their price target on shares of iA Financial from C$147.00 to C$149.00 and gave the stock a "hold" rating in a research report on Thursday, August 7th. Finally, Scotiabank raised shares of iA Financial to a "strong-buy" rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$145.88.

iA Financial Price Performance

The company's 50 day moving average price is C$144.97 and its 200 day moving average price is C$137.83. The firm has a market cap of C$14.13 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 1.26 and a beta of 0.80.

iA Financial Company Profile

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.

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