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

iA Financial (TSE:IAG) had its price target raised by equities researchers at National Bankshares from C$118.00 to C$121.00 in a report issued on Wednesday, BayStreet.CA reports. National Bankshares’ price target points to a potential downside of 8.97% from the company’s current price.

IAG has been the subject of a number of other research reports. National Bank Financial lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. CIBC increased their target price on shares of iA Financial from C$106.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their target price on iA Financial from C$102.00 to C$105.00 and gave the stock a “moderate buy” rating in a research report on Thursday, August 8th. TD Securities increased their price target on shares of iA Financial from C$132.00 to C$135.00 in a research report on Wednesday. Finally, Scotiabank lifted their target price on shares of iA Financial from C$110.00 to C$126.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$117.13.

iA Financial Stock Performance

Shares of iA Financial stock traded up C$17.91 on Wednesday, reaching C$132.92. 492,813 shares of the company traded hands, compared to its average volume of 282,053. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The firm has a market capitalization of C$12.65 billion, a PE ratio of 17.79, a PEG ratio of 1.26 and a beta of 1.13. The company has a 50 day moving average of C$110.63 and a 200 day moving average of C$96.35. iA Financial has a 52 week low of C$80.95 and a 52 week high of C$133.72.

iA Financial (TSE:IAG) last released its earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.58 by C$0.17. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. The business had revenue of C$1.64 billion during the quarter. Equities analysts forecast that iA Financial will post 11.6187564 earnings per share for the current 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.