Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Equities research analysts at Desjardins decreased their FY2016 earnings per share estimates for Industrial Alliance Insur. & Fin. Ser. in a note issued to investors on Monday. Desjardins analyst D. Young now expects that the firm will post earnings per share of $4.34 for the year, down from their previous estimate of $4.51. Desjardins has a “Buy” rating and a $48.00 price target on the stock.

Earnings History and Estimates for Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

IAG has been the subject of a number of other research reports. CIBC increased their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$46.00 to C$51.00 in a report on Thursday, September 15th. Royal Bank Of Canada increased their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$42.00 to C$46.00 and gave the company a “sector perform” rating in a report on Monday, August 8th. TD Securities increased their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$46.00 to C$49.00 and gave the company a “buy” rating in a report on Monday, August 8th. CSFB downgraded shares of Industrial Alliance Insur. & Fin. Ser. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, September 13th. Finally, National Bank Financial raised their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$42.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Industrial Alliance Insur. & Fin. Ser. currently has a consensus rating of “Hold” and an average price target of C$47.64.

Shares of Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) traded up 0.26% during midday trading on Wednesday, reaching $49.81. 50,111 shares of the company’s stock were exchanged. The company has a market capitalization of $5.11 billion and a PE ratio of 14.41. The firm has a 50-day moving average of $47.75 and a 200-day moving average of $43.45. Industrial Alliance Insur. & Fin. Ser. has a 1-year low of $35.00 and a 1-year high of $50.23.

In other news, insider Ren´┐Ż Chabot sold 7,800 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of C$48.00, for a total transaction of C$374,400.00.

About Industrial Alliance Insur. & Fin. Ser.

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