Industrial Alliance Insur. & Fin. Ser. (IAG) Price Target Cut to C$57.00

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) had its price target reduced by equities researchers at Royal Bank Of Canada from C$58.00 to C$57.00 in a report issued on Friday, May 12th. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 8.30% from the company’s current price.

Several other brokerages have also commented on IAG. Scotiabank upped their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$64.00 to C$65.00 and gave the stock an “outperform” rating in a report on Friday, February 17th. BMO Capital Markets upped their price objective on shares of Industrial Alliance Insur. & Fin. Ser. from C$56.00 to C$64.00 in a report on Monday, January 16th. Canaccord Genuity upped their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$53.00 to C$56.00 in a research note on Friday, January 13th. TD Securities upped their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$55.00 to C$61.00 and gave the stock a “hold” rating in a research note on Friday, January 13th. Finally, Desjardins upped their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$59.00 to C$61.00 and gave the stock a “hold” rating in a research note on Friday, February 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of C$59.00.

Analyst Recommendations for Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) traded up 0.30% during midday trading on Friday, reaching $52.63. The company had a trading volume of 255,607 shares. The firm has a 50-day moving average price of $52.65 and a 200-day moving average price of $55.30. The company has a market capitalization of $5.60 billion and a price-to-earnings ratio of 10.03. Industrial Alliance Insur. & Fin. Ser. has a 52 week low of $38.52 and a 52 week high of $59.41.

TRADEMARK VIOLATION WARNING: “Industrial Alliance Insur. & Fin. Ser. (IAG) Price Target Cut to C$57.00” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.com-unik.info/2017/06/17/royal-bank-of-canada-cuts-industrial-alliance-insur-fin-ser-iag-price-target-to-c57-00-updated-updated-updated.html.

In related news, insider Michael Lee Stickney sold 2,000 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of C$53.01, for a total value of C$106,020.00. Also, Director Carl Andrew Mustos bought 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average cost of C$50.52 per share, for a total transaction of C$85,884.00. Over the last three months, insiders acquired 5,700 shares of company stock worth $290,884 and sold 27,000 shares worth $1,553,820.

Industrial Alliance Insur. & Fin. Ser. Company Profile

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