Scotiabank Boosts iA Financial (TSE:IAG) Price Target to C$188.00

iA Financial (TSE:IAG) had its price target increased by equities research analysts at Scotiabank from C$179.00 to C$188.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 8.75% from the company’s previous close.

Several other equities analysts also recently weighed in on IAG. Royal Bank Of Canada set a C$167.00 price objective on iA Financial and gave the company a “sector perform” rating in a research note on Monday, January 19th. BMO Capital Markets raised their price target on iA Financial from C$170.00 to C$175.00 in a research report on Thursday, November 6th. National Bankshares boosted their price objective on shares of iA Financial from C$146.00 to C$162.00 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Canadian Imperial Bank of Commerce cut shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, TD Securities lifted their target price on shares of iA Financial from C$178.00 to C$192.00 in a research report on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$175.86.

iA Financial Stock Up 0.9%

Shares of TSE IAG opened at C$172.87 on Thursday. iA Financial has a 52 week low of C$115.21 and a 52 week high of C$182.99. The firm has a 50-day moving average price of C$173.61 and a 200 day moving average price of C$161.35. The stock has a market capitalization of C$15.93 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, November 4th. The company reported C$3.47 earnings per share for the quarter. iA Financial had a net margin of 6.85% and a return on equity of 13.73%. The company had revenue of C$6.67 billion for the quarter. Equities research analysts expect that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Transactions at iA Financial

In other news, Director Denis Ricard sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of C$175.25, for a total value of C$525,750.00. Following the completion of the transaction, the director owned 50,000 shares of the company’s stock, valued at C$8,762,500. The trade was a 5.66% decrease in their ownership of the stock. Also, insider Philippe Sarfati sold 2,318 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of C$164.30, for a total transaction of C$380,847.40. Over the last 90 days, insiders sold 6,750 shares of company stock worth $1,141,931. 0.09% of the stock is owned by insiders.

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.