Desjardins Keeps a Hold Rating on Indstrl Alliance Ins

By Austin Angelo

Indstrl Alliance Ins (TSX: IAG), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Douglas Young from Desjardins rated Indstrl Alliance Ins (TSX: IAG) a Hold, setting a C$60 price target.

Young has an average return of 22.9% when recommending Indstrl Alliance Ins.

According to TipRanks.com, Young is ranked #522 out of 4766 analysts.

Indstrl Alliance Ins has an analyst consensus of Hold, with a price target consensus of C$62.75.

Indstrl Alliance Ins’ market cap is currently C$5.57B and has a P/E ratio of 10.8.

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 Wednesday at C$52.20.