iA Financial (TSE:IAG) Price Target Raised to C$160.00

iA Financial (TSE:IAG - Get Free Report) had its price objective lifted by equities researchers at BMO Capital Markets from C$148.00 to C$160.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets' price target would suggest a potential upside of 11.62% from the company's current price.

Several other equities analysts have also issued reports on IAG. Scotiabank lowered their target price on shares of iA Financial from C$143.00 to C$140.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. 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. TD Securities lifted their target price on shares of iA Financial from C$140.00 to C$147.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, CIBC cut their target price on shares of iA Financial from C$149.00 to C$144.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$141.00.

iA Financial Price Performance

IAG traded down C$0.85 on Friday, hitting C$143.34. The company had a trading volume of 56,158 shares, compared to its average volume of 255,074. iA Financial has a 52-week low of C$86.72 and a 52-week high of C$151.29. The stock has a fifty day simple moving average of C$141.66 and a 200-day simple moving average of C$134.40. The firm has a market capitalization of C$13.45 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.26 and a beta of 1.13.

Insider Activity

In related news, Director Denis Ricard sold 8,000 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of C$143.00, for a total value of C$1,144,000.00. Also, Senior Officer Renée Laflamme sold 10,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$136.33, for a total transaction of C$1,363,264.00. Over the last 90 days, insiders sold 44,000 shares of company stock worth $6,151,244. 0.09% of the stock is currently owned by corporate insiders.

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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