Industrial Alliance Now Covered by Analysts at RBC Capital (IAG)
Equities research analysts at RBC Capital assumed coverage on shares of Industrial Alliance (TSE:IAG) in a research note issued to investors on Friday, American Banking & Market News reports. The firm set a “sector perform” rating and a C$48.00 price target on the stock. RBC Capital’s price target suggests a potential upside of 4.10% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at CIBC raised their price target on shares of Industrial Alliance from C$46.00 to C$52.00 in a research note to investors on Thursday, November 7th. They now have a “sector perform” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of Industrial Alliance from C$44.00 to C$46.00 in a research note to investors on Thursday, November 7th. Finally, analysts at BMO Capital Markets raised their price target on shares of Industrial Alliance from C$48.00 to C$52.00 in a research note to investors on Thursday, November 7th. They now have an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Industrial Alliance currently has a consensus rating of “Hold” and a consensus price target of C$47.29.
Shares of Industrial Alliance (TSE:IAG) opened at 46.11 on Friday. Industrial Alliance has a 52 week low of $31.18 and a 52 week high of $49.99. The stock’s 50-day moving average is $47.99 and its 200-day moving average is $44.42. The company has a market cap of $4.548 billion and a price-to-earnings ratio of 13.19.
Industrial Alliance Insurance and Financial Services Inc (TSE:IAG) is a life and health insurance company.
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