Industrial Alliance Now Covered by Canaccord Genuity (IAG)
Research analysts at Canaccord Genuity began coverage on shares of Industrial Alliance (TSE:IAG) in a report released on Monday. The firm set a “hold” rating and a C$45.00 price target on the stock. Canaccord Genuity’s price target would indicate a potential upside of 6.64% from the stock’s previous close.
Separately, analysts at BMO Capital Markets downgraded shares of Industrial Alliance from an “outperform” rating to a “market perform” rating in a research note on Friday, May 9th. Five research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of C$48.40.
Shares of Industrial Alliance (TSE:IAG) opened at 42.20 on Monday. Industrial Alliance has a 52-week low of $37.04 and a 52-week high of $49.99. The stock’s 50-day moving average is $44.2 and its 200-day moving average is $45.85. The company has a market cap of $4.205 billion and a price-to-earnings ratio of 11.84.
Industrial Alliance (TSE:IAG) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.85 by $0.02. Analysts expect that Industrial Alliance will post $3.66 EPS for the current fiscal year.
The company also recently announced a Quarterly dividend, which is scheduled for Monday, June 16th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.26 per share. This represents a dividend yield of 2.34%. The ex-dividend date is Wednesday, May 21st.
Industrial Alliance Insurance and Financial Services Inc (TSE:IAG) is a life and health insurance company.
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