iA Financial (TSE:IAG) Given New C$230.00 Price Target at Desjardins

iA Financial (TSE:IAG) had its price objective increased by investment analysts at Desjardins from C$220.00 to C$230.00 in a research note issued on Wednesday, BayStreet reports. The brokerage currently has a “hold” rating on the stock. Desjardins‘s target price would suggest a potential upside of 3.25% from the company’s current price.

A number of other equities analysts have also recently issued reports on IAG. National Bank Financial increased their price target on iA Financial from C$215.00 to C$221.00 and gave the stock a “sector perform” rating in a report on Tuesday. Royal Bank Of Canada lifted their price objective on shares of iA Financial from C$167.00 to C$213.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Scotia lifted their price objective on shares of iA Financial from C$198.52 to C$223.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. TD increased their target price on shares of iA Financial from C$219.00 to C$225.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, BMO Capital Markets increased their target price on shares of iA Financial from C$215.00 to C$225.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, iA Financial presently has a consensus rating of “Hold” and a consensus target price of C$217.17.

iA Financial Stock Performance

Shares of TSE:IAG traded up C$6.01 during midday trading on Wednesday, reaching C$222.77. The company’s stock had a trading volume of 198,235 shares, compared to its average volume of 325,613. iA Financial has a fifty-two week low of C$145.44 and a fifty-two week high of C$225.14. The firm has a 50 day moving average price of C$209.44 and a two-hundred day moving average price of C$185.75. The firm has a market capitalization of C$19.69 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.26 and a beta of 0.74.

iA Financial (TSE:IAG) last released its earnings results on Monday, November 9th. The company reported C$4.03 EPS for the quarter. The business had revenue of C$3.06 billion during the quarter. iA Financial had a return on equity of 13.70% and a net margin of 8.29%. As a group, research analysts anticipate that iA Financial will post 11.62 earnings per share for the current year.

About iA Financial

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.