iA Financial Co. Inc. (TSE:IAG) Receives Consensus “Buy Moderate” Recommendation from Brokerages
Shares of iA Financial Co. Inc. (EAST:IAG – Get a rating) received a consensus “Buy” recommendation from the ten analysts who currently cover the stock, Marketbeat.com reports. Five equity research analysts rated the stock with a buy rating. The 12-month average target price among analysts who have updated their coverage of the stock in the last year is C$84.45.
IAG has been the subject of a number of research analyst reports. TD Securities raised its price target on shares of iA Financial from C$81.00 to C$84.00 and gave the stock a “buy” rating in a Friday, July 29 research report . Royal Bank of Canada raised its price target on iA Financial shares from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a Friday 29 research report. July. CIBC lowered its price target on iA Financial shares from C$75.00 to C$73.00 in a Friday, July 22 research report. National Bank Stocks raised its price target on iA Financial shares from C$78.00 to C$81.00 and gave the company an “outperform” rating in a Friday, July 29 research report. Finally, BMO Capital Markets raised its price target on iA Financial shares from C$87.00 to C$88.00 in a Friday, July 29 research report.
Insider activity at iA Financial
Separately, senior officer Michael Lee Stickney sold 1,000 shares of iA Financial in a trade that took place on Thursday August 4th. The shares were sold at an average price of CA$69.15, for a total value of CA$69,151.00. Following the transaction, the insider now owns 42,300 shares of the company, valued at C$2,925,087.30.
iA Financial Stock Performance
Shares of AGI opened at C$73.47 on Friday. The company has a 50-day moving average of C$71.87 and a 200-day moving average of C$68.42. The company has a debt ratio of 48.80, a current ratio of 0.44 and a quick ratio of 0.20. The stock has a market cap of C$7.76 billion and a price-to-earnings ratio of 9.93. iA Financial has a one-year minimum of CA$58.70 and a one-year maximum of CA$85.25.
iA Financial (EAST:IAG – Get a rating) last released its quarterly results on Thursday, July 28. The company reported earnings per share (EPS) of C$2.37 for the quarter, beating analyst consensus estimates of C$2.07 by C$0.30. The company recorded revenue of C$241.00 million during the quarter. On average, equity research analysts expect iA Financial to post earnings per share of 9.1900001 for the current year.
Corporate Profile iA Financial
iA Financial Corporation Inc., through its subsidiary Industrial Alliance, Insurance and Financial Services Inc., offers various personal insurance products in Canada and the United States. The Company operates through individual insurance, individual wealth management, group insurance, group savings and retirement, United States operations and other segments.
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