iA Financial (TSE:IAG) Stock Rating Reaffirmed by Royal Bank of Canada
Royal Bank of Canada reaffirmed their outperform rating on shares of iA Financial (TSE:IAG) in a research report sent to investors on Tuesday, Stock Target Advisor reports. They currently have a C$75.00 price target on the stock.
IAG has been the topic of a number of other research reports. National Bank Financial upped their price target on iA Financial from C$70.00 to C$76.00 and gave the stock an outperform rating in a report on Thursday, March 11th. Scotiabank upped their price target on iA Financial from C$66.00 to C$72.00 in a report on Friday, January 29th. BMO Capital Markets upped their price target on iA Financial from C$77.00 to C$81.00 and gave the stock a market perform rating in a report on Friday, April 16th. TD Securities upped their price target on iA Financial from C$69.00 to C$79.00 and gave the stock a buy rating in a report on Friday, February 12th. Finally, Canaccord Genuity upped their price target on iA Financial from C$68.00 to C$75.00 and gave the stock a na rating in a report on Thursday, March 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of C$75.57.
TSE IAG opened at C$67.68 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.65 and a debt-to-equity ratio of 43.05. The business’s 50 day moving average is C$68.52 and its two-hundred day moving average is C$59.25. iA Financial has a 12-month low of C$37.71 and a 12-month high of C$71.36. The stock has a market capitalization of C$7.25 billion and a price-to-earnings ratio of 11.87.
iA Financial Company Profile
iA Financial Corporation Inc, through its subsidiary, Industrial Alliance Insurance and Financial Services Inc, provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, US Operations, and Auto and Home Insurance segments.
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