Royal Bank of Canada Issues Positive Forecast for iA Financial (TSE:IAG) Stock Price

The Royal Bank of Canada (RBC) has recently provided an optimistic outlook for iA Financial (TSE:IAG). In a research note released on February 22, 2025, RBC raised its price target for the stock from C$137.00 to C$141.00. This adjustment reflects confidence in iA Financial’s market performance and currently assigns a "sector perform" rating to the stock. The new price objective suggests a potential increase of approximately 10.92% from the stock's current trading position.

In addition to RBC's assessment, other investment firms have also shared their perspectives on iA Financial. For instance, TD Securities has increased its price target for the company from C$143.00 to C$146.00, assigning a "buy" rating to the stock in a report published earlier this week. On the other hand, Scotiabank downgraded its rating on iA Financial from "strong-buy" to "hold" in a research note. Meanwhile, BMO Capital Markets has raised its target from C$140.00 to C$150.00, maintaining an "outperform" designation. National Bankshares has also adjusted its price goal for iA Financial, increasing it from C$118.00 to C$121.00. Conversely, National Bank Financial downgraded its rating from "strong-buy" to "hold."

Overall, the current consensus among analysts shows that five have rated the stock as a hold, three have given it a buy rating, and one analyst has assigned it a strong buy rating. According to MarketBeat data, iA Financial has an average rating of "Moderate Buy" and a consensus target price of C$140.63.

Recent Stock Performance

On Thursday, the shares of iA Financial opened at C$127.12. Over the past year, the stock has oscillated between a low of C$80.95 and a high of C$141.88. The 50-day moving average price stands at C$131.62, while the 200-day moving average is C$120.30. iA Financial boasts a market capitalization of C$11.93 billion, with a price-to-earnings (P/E) ratio of 12.11, a P/E/G ratio of 1.26, and a beta of 1.13, indicating a slightly higher volatility compared to the market.

Insider Activity

In related news, there has been notable insider trading activity at iA Financial. On December 5th, Director Denis Ricard sold 5,000 shares at an average price of C$137.00, bringing in a total of C$685,000. Also, Senior Officer Alain Bergeron sold 2,750 shares on November 28th for an average price of C$134.00, totaling C$368,500. Following these transactions, insiders have reported selling a total of 11,010 shares valued at approximately C$1,489,142 in the last quarter, reducing their ownership to 0.09% of the company's stock.

About iA Financial

iA Financial Corporation Inc. offers a range of insurance and wealth management services across Canada and the United States. The company operates through various segments, including Insurance in Canada, Wealth Management, Investment, and U.S. Operations. Its service portfolio encompasses health, auto, home, and creditor insurance products, as well as extended warranties and specialized products tailored for distinct markets and life insurance solutions.

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