Canaccord Genuity Believes Indstrl Alliance Ins (IAG) Won’t Stop Here


In a new note to investors yesterday, an analyst has provided a rating update for Indstrl Alliance Ins (IAG). Analyst Scott Chan CFA from Canaccord Genuity rated Indstrl Alliance Ins (IAG) a Buy, setting a C$63 price target.

According to TipRanks.com, CFA is a 1-star analyst with an average return of -0.2% and a 51.8% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and Canadian Western Bank.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Indstrl Alliance Ins with a C$63 average price target, a 18.5% upside from current levels. In a report issued on April 22, BMO Capital also reiterated a Buy rating on the stock with a C$63 price target.

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Indstrl Alliance Ins’ market cap is currently C$5.77B and has a P/E ratio of 9.3. The company has a Price to Book ratio of 1.12.

iA Financial Corp., Inc. is a holding company, which engages in the provision of financial and insurance services. The company operates through its subsidiary, Industrial Alliance Insurance and Financial Services Inc.

The company’s shares closed on Monday at C$53.17, close to its 52-week high of C$55.05.

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