ValuEngine Downgrades Industrial Alliance Insur. & Fin. Ser. (IAG) to Buy

ValuEngine lowered shares of Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday, May 11th.

Several other equities research analysts have also recently issued reports on IAG. Canaccord Genuity lifted 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 lifted 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. BMO Capital Markets lifted their target price on shares of Industrial Alliance Insur. & Fin. Ser. from C$56.00 to C$64.00 in a research note on Monday, January 16th. Royal Bank of Canada lifted their price target on Industrial Alliance Insur. & Fin. Ser. from C$54.00 to C$58.00 and gave the stock a sector perform rating in a report on Friday, February 17th. Finally, Desjardins lifted their price target on Industrial Alliance Insur. & Fin. Ser. from C$59.00 to C$61.00 and gave the stock a hold rating in a report on Friday, February 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of C$59.00.

Shares of Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) opened at 52.63 on Thursday. The firm has a 50-day moving average of $52.65 and a 200 day moving average of $55.30. Industrial Alliance Insur. & Fin. Ser. has a 1-year low of $38.51 and a 1-year high of $59.41. The stock has a market capitalization of $5.60 billion and a PE ratio of 10.03.

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In other news, Director Carl Andrew Mustos bought 1,700 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average cost of C$50.52 per share, with a total value of C$85,884.00. Also, insider Michel Tremblay sold 10,000 shares of Industrial Alliance Insur. & Fin. Ser. stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of C$57.75, for a total value of C$577,500.00. Over the last 90 days, insiders purchased 5,700 shares of company stock worth $290,884 and sold 27,000 shares worth $1,553,820.

About Industrial Alliance Insur. & Fin. Ser.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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