Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) Price Target Raised to C$75.00

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) had its target price increased by BMO Capital Markets from C$64.00 to C$75.00 in a report published on Thursday morning, BayStreet.CA reports.

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A number of other equities analysts also recently issued reports on IAG. National Bank Financial raised their price objective on Industrial Alliance Insur. & Fin. Ser. from C$64.00 to C$73.00 and gave the stock a sector perform rating in a research report on Thursday. Canaccord Genuity raised their price objective on Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$73.00 in a research report on Thursday. Finally, TD Securities raised their price objective on Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$74.00 and gave the stock a buy rating in a research report on Thursday.

Shares of IAG traded up C$0.04 during mid-day trading on Thursday, reaching C$67.69. 374,700 shares of the company were exchanged, compared to its average volume of 224,481. Industrial Alliance Insur. & Fin. Ser. has a 52 week low of C$41.32 and a 52 week high of C$69.70. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.36 and a current ratio of 0.65. The stock has a market capitalization of $6.68 billion and a PE ratio of 11.38. The business has a 50 day simple moving average of C$61.37 and a two-hundred day simple moving average of C$55.52.

About Industrial Alliance Insur. & Fin. Ser.

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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