Royal Bank of Canada Reiterates C$141.00 Price Target for iA Financial (TSE:IAG)

iA Financial (TSE:IAG - Get Free Report) received a C$141.00 price target from equities research analysts at Royal Bank of Canada in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Royal Bank of Canada's target price indicates a potential upside of 11.25% from the stock's previous close.

A number of other equities analysts have also recently weighed in on IAG. CIBC lifted their price target on iA Financial from C$144.00 to C$149.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Desjardins upped their price target on shares of iA Financial from C$140.00 to C$145.00 and gave the company a "hold" rating in a research report on Thursday, February 20th. Scotiabank cut iA Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. BMO Capital Markets upped their price target on iA Financial from C$140.00 to C$150.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, TD Securities increased their price objective on iA Financial from C$146.00 to C$147.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. 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. According to MarketBeat.com, iA Financial currently has an average rating of "Moderate Buy" and a consensus target price of C$140.75.

iA Financial Price Performance

Shares of TSE:IAG traded up C$0.51 on Tuesday, reaching C$126.74. 138,951 shares of the company traded hands, compared to its average volume of 274,597. The stock has a market capitalization of C$11.89 billion, a PE ratio of 12.07, a P/E/G ratio of 1.26 and a beta of 1.13. The company's 50 day moving average is C$129.69 and its 200-day moving average is C$128.45. iA Financial has a fifty-two week low of C$81.24 and a fifty-two week high of C$141.88.

Insider Buying and Selling

In related news, Senior Officer Alain Bergeron sold 2,750 shares of iA Financial 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 quarter, insiders have sold 12,750 shares of company stock worth $1,731,044. Insiders own 0.09% of the company's stock.

About iA Financial

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.