Desjardins Issues Positive Forecast for iA Financial (TSE:IAG) Stock Price

iA Financial (TSE:IAG - Get Free Report) had its price target lifted by equities research analysts at Desjardins from C$140.00 to C$145.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the stock. Desjardins' target price would suggest a potential upside of 11.39% from the company's previous close.

A number of other brokerages also recently issued reports on IAG. National Bank Financial downgraded iA Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. Cormark boosted their price target on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. CIBC upped their price objective on iA Financial from C$144.00 to C$149.00 and gave the company an "outperform" rating in a research report on Thursday. Cibc World Mkts upgraded iA Financial from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. Finally, TD Securities raised their price objective on iA Financial from C$143.00 to C$146.00 and gave the company a "buy" rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, iA Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of C$140.63.

iA Financial Stock Down 2.6 %

TSE:IAG traded down C$3.53 during trading hours on Thursday, hitting C$130.17. 165,944 shares of the company's stock traded hands, compared to its average volume of 199,794. The business's fifty day simple moving average is C$131.86 and its two-hundred day simple moving average is C$119.78. iA Financial has a 52 week low of C$80.95 and a 52 week high of C$141.88. The firm has a market cap of C$12.21 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.26 and a beta of 1.13.

Insider Activity

In other news, Senior Officer Alain Bergeron sold 510 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$133.58, for a total value of C$68,125.80. Also, Director Denis Ricard sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$137.00, for a total transaction of C$685,000.00. Insiders have sold 11,010 shares of company stock valued at $1,489,142 over the last ninety days. 0.09% of the stock is currently owned by insiders.

About iA Financial

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.

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