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

iA Financial (TSE:IAG) had its price objective boosted by stock analysts at TD Securities from C$175.00 to C$178.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 8.50% from the company’s current price.

Several other research analysts also recently commented on the company. Desjardins raised their price objective on iA Financial from C$149.00 to C$163.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Cormark downgraded iA Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 30th. Scotiabank upgraded iA Financial to a “strong-buy” rating in a report on Thursday, July 31st. CIBC raised their price objective on iA Financial from C$150.00 to C$173.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Royal Bank Of Canada lifted their price target on iA Financial from C$142.00 to C$151.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$157.13.

iA Financial Trading Down 2.1%

Shares of IAG stock traded down C$3.49 on Wednesday, reaching C$164.06. 270,897 shares of the company’s stock were exchanged, compared to its average volume of 270,369. iA Financial has a 52 week low of C$115.21 and a 52 week high of C$175.21. The stock has a market capitalization of C$15.22 billion, a PE ratio of 15.32, a P/E/G ratio of 1.26 and a beta of 0.87. The company’s fifty day simple moving average is C$156.94 and its 200 day simple moving average is C$146.88.

Insider Buying and Selling at iA Financial

In other news, insider Pierre Miron sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of C$150.60, for a total transaction of C$3,011,960.00. Following the completion of the transaction, the insider directly owned 4,900 shares in the company, valued at C$737,930.20. This trade represents a 80.32% decrease in their ownership of the stock. 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 value of C$447,000.00. Company insiders own 0.09% of the company’s stock.

About iA Financial

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.