IA Financial Group (IAG) Given a C$60.00 Price Target at Desjardins

IA Financial Group (TSE:IAG) has been assigned a C$60.00 price target by analysts at Desjardins in a research note issued on Thursday. Desjardins’ price target suggests a potential upside of 14.68% from the company’s previous close.

A number of other equities research analysts also recently issued reports on IAG. National Bank Financial restated a “sector perform” rating and issued a C$66.00 target price on shares of IA Financial Group in a report on Thursday, March 8th. CIBC set a C$65.00 target price on shares of IA Financial Group in a report on Thursday, March 8th. BMO Capital Markets set a C$60.00 target price on shares of IA Financial Group in a report on Thursday, March 8th. Royal Bank of Canada boosted their target price on shares of IA Financial Group from C$65.00 to C$66.00 and gave the company a “sector perform” rating in a report on Friday, February 16th. Finally, Scotiabank decreased their price objective on shares of IA Financial Group from C$68.00 to C$65.00 and set a “sector perform” rating for the company in a research note on Friday, February 16th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. IA Financial Group presently has a consensus rating of “Hold” and an average price target of C$63.75.

IA Financial Group stock traded up C$0.12 during trading on Thursday, reaching C$52.32. The company had a trading volume of 101,481 shares, compared to its average volume of 223,360. IA Financial Group has a 12-month low of C$48.74 and a 12-month high of C$62.01.

IA Financial Group (TSE:IAG) last released its earnings results on Thursday, February 15th. The company reported C$1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.05). IA Financial Group had a net margin of 3.75% and a return on equity of 11.25%. The company had revenue of C$3.68 billion during the quarter.

In other news, insider Renée Laflamme sold 5,000 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of C$53.54, for a total transaction of C$267,700.00. Also, insider Denis Ricard bought 2,000 shares of IA Financial Group stock in a transaction dated Thursday, March 1st. The shares were purchased at an average cost of C$54.00 per share, for a total transaction of C$108,000.00. Over the last quarter, insiders have acquired 11,350 shares of company stock valued at $465,482 and have sold 11,000 shares valued at $593,400.

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About IA Financial Group

Industrial Alliance Insurance and Financial Services Inc, doing business as, iA Financial Group, primarily provides various life and health insurance products in Canada. It operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and Other segments.

Analyst Recommendations for IA Financial Group (TSE:IAG)

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