Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) Given New C$55.00 Price Target at National Bank Financial

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) had its price objective hoisted by National Bank Financial from C$54.00 to C$55.00 in a report released on Friday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other analysts also recently weighed in on IAG. Royal Bank of Canada decreased their price target on Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$64.00 and set an outperform rating for the company in a report on Friday, May 10th. Canaccord Genuity increased their price target on Industrial Alliance Insur. & Fin. Ser. from C$61.00 to C$63.00 in a report on Monday, April 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of C$61.14.

TSE IAG traded up C$2.08 on Friday, reaching C$54.19. The company had a trading volume of 298,300 shares, compared to its average volume of 222,046. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 37.84. The business has a 50 day moving average price of C$53.37. Industrial Alliance Insur. & Fin. Ser. has a fifty-two week low of C$41.32 and a fifty-two week high of C$55.05. The firm has a market cap of $5.88 billion and a price-to-earnings ratio of 9.51.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$1.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.32 by C($0.04). The business had revenue of C$4.93 billion during the quarter. On average, equities research analysts forecast that Industrial Alliance Insur. & Fin. Ser. will post 4.8499998 EPS for the current year.

Industrial Alliance Insur. & Fin. Ser. 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 Other segments.

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