iA Financial (TSE:IAG) Given New C$230.00 Price Target at Desjardins

iA Financial (TSE:IAG) had its price objective increased by investment analysts at Desjardins from C$220.00 to C$230.00 in a report released on Wednesday, BayStreet reports. The firm currently has a “hold” rating on the stock. Desjardins‘s price target indicates a potential upside of 3.25% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada boosted their price objective on shares of iA Financial from C$167.00 to C$213.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. National Bank Financial raised their target price on iA Financial from C$215.00 to C$221.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Canadian Imperial Bank of Commerce lifted their target price on iA Financial from C$208.00 to C$220.00 in a report on Thursday, August 6th. Scotiabank upped their price target on iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Finally, TD increased their price target on iA Financial from C$219.00 to C$225.00 and gave the company a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, iA Financial has a consensus rating of “Hold” and an average target price of C$217.17.

iA Financial Stock Up 2.8%

iA Financial stock traded up C$6.01 during trading hours on Wednesday, hitting C$222.77. The stock had a trading volume of 198,235 shares, compared to its average volume of 325,613. The business’s 50 day simple moving average is C$209.44 and its 200-day simple moving average is C$185.75. iA Financial has a one year low of C$145.44 and a one year high of C$225.14. The stock has a market cap of C$19.69 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 1.26 and a beta of 0.74.

iA Financial (TSE:IAG) last announced its quarterly earnings results on Monday, November 9th. The company reported C$4.03 earnings per share (EPS) for the quarter. The firm had revenue of C$3.06 billion during the quarter. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. Research analysts anticipate that iA Financial will post 11.62 EPS for the current fiscal year.

About iA Financial

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc.