CIBC Forecasts Strong Price Appreciation for iA Financial (TSE:IAG) Stock

iA Financial (TSE:IAG) had its price objective boosted by equities research analysts at CIBC from C$150.00 to C$173.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective would indicate a potential upside of 3.25% from the company’s previous close.

Several other equities research analysts also recently issued reports on IAG. Desjardins boosted their price objective on shares of iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Cormark downgraded shares of iA Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Scotiabank upgraded shares of iA Financial to a “strong-buy” rating in a research note on Thursday, July 31st. Royal Bank Of Canada boosted their price objective on shares of iA Financial from C$142.00 to C$151.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Finally, BMO Capital Markets upped their target price on shares of iA Financial from C$148.00 to C$160.00 in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$156.75.

iA Financial Stock Up 0.0%

IAG opened at C$167.55 on Monday. iA Financial has a 52-week low of C$113.81 and a 52-week high of C$168.38. The company has a 50 day moving average of C$156.94 and a two-hundred day moving average of C$146.88. The company has a market cap of C$15.55 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.26 and a beta of 0.87.

Insider Buying and Selling at iA Financial

In other iA Financial news, insider Pierre Miron sold 20,000 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of C$150.60, for a total transaction of C$3,011,960.00. Following the transaction, the insider directly owned 4,900 shares in the company, valued at C$737,930.20. This represents a 80.32% decrease in their position. Also, insider St�Phanie Butt Thibodeau sold 3,000 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of C$149.00, for a total transaction of C$447,000.00. 0.09% of the stock is currently owned by corporate insiders.

iA Financial Company Profile

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations.