iA Financial (TSE:IAG) Shares Cross Above 200 Day Moving Average of $0.00

iA Financial Co. Inc. (TSE:IAG)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.00 and traded as high as C$65.95. iA Financial shares last traded at C$65.82, with a volume of 129,093 shares trading hands.

IAG has been the topic of a number of recent research reports. CIBC upped their price target on shares of iA Financial from C$71.00 to C$82.00 in a research note on Friday, May 7th. Royal Bank of Canada upped their price target on shares of iA Financial from C$75.00 to C$78.00 and gave the company an “outperform” rating in a research note on Friday, May 7th. BMO Capital Markets upped their price target on shares of iA Financial from C$81.00 to C$83.00 and gave the company a “market perform” rating in a research note on Friday, May 7th. Finally, Scotiabank upped their price target on shares of iA Financial from C$72.00 to C$84.00 in a research note on Thursday, April 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. iA Financial presently has a consensus rating of “Buy” and a consensus target price of C$79.57.

The stock has a market capitalization of C$7.15 billion and a price-to-earnings ratio of 9.59. The company has a current ratio of 0.44, a quick ratio of 0.23 and a debt-to-equity ratio of 45.76. The company’s 50 day simple moving average is C$68.53.

iA Financial (TSE:IAG) last announced its earnings results on Thursday, May 6th. The company reported C$1.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.75 by C$0.04. The firm had revenue of C$331.00 million during the quarter. On average, equities research analysts expect that iA Financial Co. Inc. will post 8.3799998 earnings per share for the current year.

About iA Financial (TSE:IAG)

iA Financial Corporation Inc, through its subsidiary, Industrial Alliance Insurance and Financial Services Inc, provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, US Operations, and Auto and Home Insurance segments.

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