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Canaccord Genuity Maintains a Buy Rating on Indstrl Alliance Ins (IAG)


In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Indstrl Alliance Ins (IAG). Analyst Scott Chan CFA from Canaccord Genuity reiterated a Buy rating, with a C$61 price target today.

According to TipRanks.com, CFA has 0 stars on 0-5 star ranking scale with an average return of -3.1% and a 35.8% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.

Indstrl Alliance Ins has an analyst consensus of Moderate Buy, with a price target consensus of C$59.33, which is a 17.3% upside from current levels. In a report released today, BMO Capital also maintained a Buy rating on the stock with a C$62 price target.

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Indstrl Alliance Ins’ market cap is currently C$5.34B and has a P/E ratio of 8.9. The company has a Price to Book ratio of 1.03.

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

The company’s shares closed on Friday at C$50.56.