Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) – Equities research analysts at Desjardins upped their Q3 2016 EPS estimates for shares of Industrial Alliance Insur. & Fin. Ser. in a note issued to investors on Monday. Desjardins analyst D. Young now forecasts that the brokerage will earn $1.11 per share for the quarter, up from their previous estimate of $1.10. Desjardins has a “Buy” rating and a $48.00 price objective on the stock. Desjardins also issued estimates for Industrial Alliance Insur. & Fin. Ser.’s FY2018 earnings at $4.95 EPS.

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

Several other equities research analysts also recently issued reports on IAG. CSFB raised their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$46.00 to C$49.00 in a research note on Friday, August 5th. National Bank Financial raised their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$42.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Friday, August 5th. Scotiabank increased their price target on shares of Industrial Alliance Insur. & Fin. Ser. from C$50.00 to C$51.00 and gave the company an “outperform” rating in a report on Friday, August 5th. 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. Finally, RBC Capital Markets 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 Friday, August 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Industrial Alliance Insur. & Fin. Ser. currently has a consensus rating of “Hold” and an average target price of C$47.64.

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) opened at 49.68 on Tuesday. The firm has a market capitalization of $5.10 billion and a P/E ratio of 14.37. The stock has a 50 day moving average price of $47.75 and a 200 day moving average price of $43.45. Industrial Alliance Insur. & Fin. Ser. has a one year low of $35.00 and a one 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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