Equities researchers at CIBC upped their price objective on shares of Industrial Alliance (TSE: IAG) from C$39.00 to C$43.00 in a research report issued on Wednesday, AnalystRatingsNetwork reports. CIBC’s target price indicates a potential upside of 3.56% from the stock’s previous close.
Shares of Industrial Alliance (TSE: IAG) traded down 1.98% during mid-day trading on Wednesday, hitting $41.16. Industrial Alliance has a one year low of $20.55 and a one year high of $42.19. The stock’s 50-day moving average is currently $39.11. The company has a market cap of $4.026 billion and a P/E ratio of 11.66.
IAG has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets upgraded shares of Industrial Alliance from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, June 20th. They now have a C$45.00 price target on the stock, up previously from C$39.00. Separately, analysts at Canaccord Genuity cut their price target on shares of Industrial Alliance from C$41.00 to C$40.00 in a research note to investors on Friday, May 10th. Finally, analysts at National Bank Financial cut their price target on shares of Industrial Alliance from C$37.00 to C$36.00 in a research note to investors on Friday, April 19th.
Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$39.00.
Industrial Alliance Insurance and Financial Services Inc (TSE: IAG) is a life and health insurance company.