Analysts have been quite happy with Indstrl Alliance Ins (TSX: IAG) stock lately, with another positive rating update this time from BMO Capital. BMO Capital’s analyst Tom Mackinnon upgraded IAG to Buy today , with a C$65 price target.
Mackinnon has an average return of 12.6% when recommending Indstrl Alliance Ins.
According to TipRanks.com, Mackinnon is ranked #632 out of 4853 analysts.
Indstrl Alliance Ins has an analyst consensus of Strong Buy, with a price target consensus of C$62.20, which is a 15.2% upside from current levels. In a report issued on July 24, Canaccord Genuity also initiated coverage with a Buy rating on the stock with a C$60 price target.
.
The company has a one-year high of C$62.01 and a one-year low of C$48.67. Currently, Indstrl Alliance Ins has an average volume of 196.5K.
Industrial Alliance Insurance & Financial Services, Inc. engages in the provision of insurance and investment solutions. It operates through the following segments: Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and Other.
The company’s shares closed on Thursday at C$54.
