iA Financial (TSE:IAG) Given New C$143.00 Price Target at CIBC

iA Financial (TSE:IAG) had its price target raised by CIBC from C$133.00 to C$143.00 in a report released on Wednesday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 8.37% from the company’s previous close.

Other equities analysts also recently issued reports about the company. BMO Capital Markets boosted their price objective on iA Financial from C$126.00 to C$140.00 in a research report on Thursday, November 7th. Royal Bank of Canada cut shares of iA Financial from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$105.00 to C$137.00 in a report on Thursday, November 7th. National Bankshares raised their price objective on shares of iA Financial from C$118.00 to C$121.00 in a report on Wednesday, November 6th. National Bank Financial downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Scotiabank raised their price target on iA Financial from C$126.00 to C$143.00 in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$129.75.

iA Financial Trading Up 1.6 %

IAG opened at C$131.95 on Wednesday. The business has a fifty day moving average price of C$114.52 and a 200 day moving average price of C$98.69. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. iA Financial has a 12 month low of C$80.95 and a 12 month high of C$134.29. The stock has a market capitalization of C$12.55 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.26 and a beta of 1.13.

Insiders Place Their Bets

In other iA Financial news, Director Denis Ricard sold 7,200 shares of iA Financial stock in a transaction on Thursday, November 7th. The shares were sold at an average price of C$131.00, for a total value of C$943,200.00. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$130.60, for a total transaction of C$130,600.00. Over the last 90 days, insiders have sold 36,000 shares of company stock valued at $4,699,016. 0.09% of the stock is currently owned by insiders.

About iA Financial

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.