iA Financial (TSE:IAG) Given New C$225.00 Price Target at TD

iA Financial (TSE:IAG) had its target price boosted by analysts at TD from C$219.00 to C$225.00 in a report released on Tuesday, BayStreet reports. The brokerage presently has a “hold” rating on the stock. TD‘s price objective points to a potential upside of 3.21% from the company’s current price.

IAG has been the topic of several other research reports. Canadian Imperial Bank of Commerce upped their price objective on shares of iA Financial from C$208.00 to C$220.00 in a report on Thursday, August 6th. Scotia lifted their target price on shares of iA Financial from C$198.52 to C$223.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. BMO Capital Markets boosted their target price on shares of iA Financial from C$215.00 to C$225.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Desjardins upped their price target on shares of iA Financial from C$205.00 to C$220.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. Finally, Scotiabank raised their price target on shares of iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$214.95.

iA Financial Stock Performance

IAG stock traded up C$4.39 on Tuesday, hitting C$218.00. 187,421 shares of the company’s stock were exchanged, compared to its average volume of 325,303. iA Financial has a 12-month low of C$145.44 and a 12-month high of C$225.14. The firm has a 50 day moving average price of C$209.06 and a two-hundred day moving average price of C$185.52. The stock has a market cap of C$19.27 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.26 and a beta of 0.74.

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