iA Financial (OTCMKTS:IAFNF) Trading 0.3% Higher

iA Financial Co. Inc. (OTCMKTS:IAFNFGet Rating)’s share price traded up 0.3% during trading on Thursday . The company traded as high as $47.00 and last traded at $47.00. 100 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 1,274 shares. The stock had previously closed at $46.85.

IAFNF has been the subject of a number of research analyst reports. TD Securities dropped their target price on shares of iA Financial from C$94.00 to C$90.00 in a research report on Friday, May 13th. Scotiabank dropped their price objective on shares of iA Financial from C$92.00 to C$85.00 in a research report on Monday, May 2nd. Desjardins reduced their target price on shares of iA Financial from C$88.00 to C$80.00 in a report on Monday, May 16th. BMO Capital Markets decreased their price target on shares of iA Financial from C$94.00 to C$89.00 in a research report on Friday, May 13th. Finally, National Bank Financial cut their price objective on iA Financial from C$89.00 to C$88.00 in a research report on Wednesday, April 20th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, iA Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.39.

The firm’s 50-day moving average price is $51.11 and its 200 day moving average price is $57.00.

About iA Financial (OTCMKTS:IAFNF)

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 Other segments.

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