BMO Capital Markets Forecasts Strong Price Appreciation for iA Financial (TSE:IAG) Stock

iA Financial (TSE:IAG - Free Report) had its price target lifted by BMO Capital Markets from C$148.00 to C$160.00 in a report issued on Friday,BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on the stock. Royal Bank Of Canada set a C$141.00 price objective on shares of iA Financial and gave the stock a "sector perform" rating in a report on Tuesday, April 15th. Scotiabank cut their price objective on shares of iA Financial from C$143.00 to C$140.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. CIBC cut their price objective on shares of iA Financial from C$149.00 to C$144.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, TD Securities upped their price objective on shares of iA Financial from C$140.00 to C$147.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$141.00.

iA Financial Stock Performance

Shares of TSE IAG traded up C$1.17 during midday trading on Friday, hitting C$144.61. 79,409 shares of the company traded hands, compared to its average volume of 254,181. iA Financial has a 12-month low of C$86.92 and a 12-month high of C$151.29. The stock has a 50-day moving average price of C$141.79 and a 200 day moving average price of C$134.50. The firm has a market cap of C$13.57 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.26 and a beta of 1.13.

Insider Activity

In other news, Director Denis Ricard sold 8,000 shares of the company's stock in a transaction that occurred 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 Pierre Miron sold 15,000 shares of the company's stock in a transaction that occurred on Monday, May 26th. The stock was sold at an average price of C$140.29, for a total transaction of C$2,104,389.00. In the last three months, insiders have sold 44,000 shares of company stock worth $6,151,244. Corporate insiders own 0.09% of the company's stock.

About iA Financial

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.