iA Financial (TSE:IAG) Price Target Raised to C$121.00 at National Bankshares

iA Financial (TSE:IAG) had its target price boosted by National Bankshares from C$118.00 to C$121.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

Several other brokerages also recently issued reports on IAG. CIBC lifted their price objective on iA Financial from C$106.00 to C$120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Cormark raised their price target on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday. Royal Bank of Canada lifted their target price on iA Financial from C$102.00 to C$105.00 and gave the company a “moderate buy” rating in a research report on Thursday, August 8th. Scotiabank increased their price objective on iA Financial from C$110.00 to C$126.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, TD Securities upped their price objective on shares of iA Financial from C$132.00 to C$135.00 in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$117.13.

iA Financial Stock Performance

IAG opened at C$133.65 on Wednesday. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. The company has a market cap of C$12.72 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The stock has a 50-day moving average of C$111.27 and a 200-day moving average of C$96.70. iA Financial has a 52-week low of C$80.95 and a 52-week high of C$134.29.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, beating the consensus estimate of C$2.58 by C$0.17. The company had revenue of C$1.64 billion during the quarter. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. As a group, equities research analysts forecast that iA Financial will post 11.6187564 earnings per share for the current fiscal year.

iA Financial Company Profile

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.