The stock of Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) reached all time high today, Nov, 23 and still has $60.23 target or 6.00% above today’s $56.82 share price. This indicates more upside for the $5.88B company. This technical setup was reported by Barchart.com. If the $60.23 PT is reached, the company will be worth $352.80 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 15,059 shares traded hands. Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) has risen 41.25% since April 19, 2016 and is uptrending. It has outperformed by 35.92% the S&P500.
Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) Ratings Coverage
Out of 4 analysts covering Industrial Alliance (TSE:IAG), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $57 is the highest target while $2.50 is the lowest. The $52 average target is -8.48% below today’s ($56.82) stock price. Industrial Alliance has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Wednesday, June 15 by Scotia Capital. The firm has “Sector Perform” rating given on Wednesday, June 15 by RBC Capital Markets. On Wednesday, June 15 the stock rating was maintained by TD Securities with “Buy”.
Industrial Alliance Insurance and Financial Services Inc. is a Canada 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 services and products. The company has a market cap of $5.88 billion.
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