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Industrial Alliance (TSE:IAG) stock price target increased to $58.00, issued a ratings update today by RBC Capital Markets

Just yesterday Industrial Alliance (TSE:IAG) traded 0.19% higher at $58.90. IAG’s 50-day average is $55.50 and its two hundred day average is $51.58. With the last stock price close up 13.51% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the same time. 165,389 shares of the stock were exchanged, down from an average trading volume of 220,471

In a report released on 2/17/2017 RBC Capital Markets increased the stock price target of Industrial Alliance (TSE:IAG) from $54.00 to $58.00 reporting a possible downside of -0.02%.

Previously on 01/16/2017, BMO Capital Markets released a statement about Industrial Alliance (TSE:IAG) increased the target price from $56.00 to $64.00. At the time, this indicated a possible upside of 0.16%.

See Chart Below

Industrial Alliance (TSE:IAG)

Industrial Alliance has a 52 week low of $35.39 and a 52 week high of $59.32 with a P/E ratio of 15.61 Industrial Alliance’s market capitalization is presently $0.

A total of 10 analysts have released a research note on Industrial Alliance. zero brokerages rating the company a strong buy, two equity analysts rating the company a buy, seven equity analysts rating the company a hold, 1 broker rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $42.26.

About Industrial Alliance (TSE:IAG)

Industrial Alliance Insurance and Financial Services Inc. is a Canada-based company, which offers a range of life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgage loans, and other financial products and services. The Company's segments include Individual Insurance, which includes life, health, disability and mortgage insurance products; Individual Wealth Management, which includes individual products and services for savings plans, retirement funds and segregated funds, as well as securities brokerage, trust operations and mutual funds; Group Insurance, which includes life, health, accidental death and dismemberment, creditor insurance, replacement insurance, replacement warranties and extended warranties, and specialized products for special markets solutions; Group Savings and Retirement, and Other, which includes auto and home insurance products, as well as asset management and financing.

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