BMO Capital Markets Issues Positive Forecast for iA Financial (TSE:IAG) Stock Price

iA Financial (TSE:IAG) had its target price increased by stock analysts at BMO Capital Markets from C$225.00 to C$235.00 in a research note issued to investors on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets‘s price objective indicates a potential upside of 5.49% from the company’s previous close.

Several other research analysts also recently commented on IAG. TD raised their target price on iA Financial from C$219.00 to C$225.00 and gave the stock a “hold” rating in a research note on Tuesday. Scotiabank increased their price target on shares of iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. Scotia raised 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 report on Thursday, August 6th. National Bank Financial boosted their price objective on shares of iA Financial from C$215.00 to C$221.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, Desjardins increased their target price on shares of iA Financial from C$220.00 to C$230.00 and gave the stock a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$217.17.

iA Financial Stock Performance

IAG stock traded up C$6.01 during midday trading on Wednesday, reaching C$222.77. 198,235 shares of the company’s stock traded hands, compared to its average volume of 325,613. The company has a 50-day moving average price of C$209.44 and a two-hundred day moving average price of C$185.75. iA Financial has a 52 week low of C$145.44 and a 52 week high of C$225.14. The firm has a market capitalization of C$19.69 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.26 and a beta of 0.74.

iA Financial (TSE:IAG) last posted its quarterly earnings results on Monday, November 9th. The company reported C$4.03 EPS for the quarter. The firm 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, analysts predict that iA Financial will post 11.62 EPS for the current fiscal 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.