Share on StockTwits

Cormark initiated coverage on shares of Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) in a research note issued on Friday. The firm set a “buy” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at NBF upgraded shares of Industrial Alliance Insur. & Fin. Ser. to an “outperform” rating in a research note on Thursday, June 12th. They now have a C$50.00 price target on the stock, up previously from C$49.00. Separately, analysts at RBC Capital upgraded shares of Industrial Alliance Insur. & Fin. Ser. to an “outperform” rating in a research note on Thursday, June 12th. They now have a C$50.00 price target on the stock. Finally, analysts at Canaccord Genuity upgraded shares of Industrial Alliance Insur. & Fin. Ser. to a “buy” rating in a research note on Thursday, June 12th. They now have a C$48.00 price target on the stock, up previously from C$45.00. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$49.50.

Shares of Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) traded down 0.57% on Friday, hitting $48.69. The stock had a trading volume of 93,124 shares. Industrial Alliance Insur. & Fin. Ser. has a 52 week low of $40.64 and a 52 week high of $49.99. The stock’s 50-day moving average is $46.93 and its 200-day moving average is $45.22. The company has a market cap of $4.851 billion and a price-to-earnings ratio of 13.68.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.02. On average, analysts predict that Industrial Alliance Insur. & Fin. Ser. will post $3.67 earnings per share for the current fiscal year.

Industrial Alliance Insurance and Financial Services Inc (TSE:IAG) is a life and health insurance company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.