National Bank Financial Forecasts Strong Price Appreciation for iA Financial (TSE:IAG) Stock

iA Financial (TSE:IAG) had its price objective upped by equities researchers at National Bank Financial from C$179.00 to C$205.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential downside of 0.05% from the stock’s current price.

IAG has been the topic of several other reports. Canadian Imperial Bank of Commerce increased their target price on shares of iA Financial from C$180.00 to C$208.00 in a research note on Wednesday, July 15th. TD boosted their price target on shares of iA Financial from C$190.00 to C$214.00 and gave the company a “hold” rating in a research report on Tuesday. Scotiabank upped their price target on shares of iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. Scotia lowered their price objective on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. Finally, Desjardins lifted their price objective on iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Nine research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$188.72.

iA Financial Trading Up 0.6%

Shares of IAG opened at C$205.10 on Thursday. iA Financial has a twelve month low of C$133.36 and a twelve month high of C$213.16. The stock has a market cap of C$18.31 billion, a PE ratio of 18.99, a P/E/G ratio of 1.26 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 0.60 and a debt-to-equity ratio of 18.46. The business’s 50-day moving average price is C$188.83 and its 200-day moving average price is C$172.95.

iA Financial (TSE:IAG) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 EPS for the quarter. The company had revenue of C$2.74 billion during the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. On average, equities analysts forecast that iA Financial will post 11.6187564 EPS for the current fiscal year.

Insider Buying and Selling at iA Financial

In other news, insider Renée Laflamme sold 12,500 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of C$192.81, for a total value of C$2,410,125.00. Following the transaction, the insider owned 11,645 shares of the company’s stock, valued at C$2,245,272.45. This represents a 51.77% decrease in their position. Also, insider Alain Bergeron sold 700 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of C$195.40, for a total transaction of C$136,780.00. Insiders sold a total of 39,500 shares of company stock worth $7,156,765 over the last three months. 0.09% of the stock is owned by insiders.

iA Financial Company Profile

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc