iA Financial (TSE:IAG) Raised to Moderate Buy at Royal Bank Of Canada

iA Financial (TSE:IAG) was upgraded by Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research note issued on Wednesday, Zacks reports.

IAG has been the topic of several other reports. Scotia boosted their price target on shares of iA Financial from C$198.52 to C$223.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. TD raised their price objective on shares of iA Financial from C$219.00 to C$225.00 and gave the company a “hold” rating in a research report on Tuesday. Scotiabank lifted their price objective on shares of iA Financial from C$168.00 to C$198.52 and gave the stock a “sector perform” rating in a research note on Wednesday, July 15th. National Bank Financial boosted their target price on shares of iA Financial from C$215.00 to C$221.00 and gave the stock a “sector perform” rating in a report on Tuesday. Finally, BMO Capital Markets increased their target price on shares of iA Financial from C$225.00 to C$235.00 and gave the company an “outperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$217.17.

iA Financial Stock Performance

Shares of IAG stock opened at C$222.55 on Wednesday. iA Financial has a 1 year low of C$145.44 and a 1 year high of C$225.14. The business’s fifty day moving average is C$209.96 and its 200-day moving average is C$186.02. The stock has a market cap of C$19.38 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.26 and a beta of 0.74.

iA Financial (TSE:IAG) last announced its quarterly earnings data on Monday, November 9th. The company reported C$4.03 earnings per share for the quarter. iA Financial had a return on equity of 12.43% and a net margin of 7.71%. The business had revenue of C$3.06 billion during the quarter. Equities research analysts predict that iA Financial will post 11.62 earnings per share for the current year.

iA Financial News Summary

These are some of the IAG news items that stood out recently:

• Positive Sentiment: The company announced a buyback of up to 4,355,019 shares, or 5% of issued share capital. Repurchases can return capital to investors and reduce the share count. Share buyback announcement
• Neutral Sentiment: Desjardins lifted its target to C$230 but kept a Hold rating, signaling a more measured view. Tickerreport coverage
• Negative Sentiment: Q3 profit declined, tempering the positive capital-return news. The company reported EPS of C$4.03 and revenue of C$3.06 billion. Q3 profit report

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.