Jarden analyst Kieran Chidgey maintained a Buy rating on Insignia Financial Ltd (IOOFF – Research Report) today and set a price target of A$3.00. The company’s shares closed last Friday at $1.30.
Chidgey covers the Financial sector, focusing on stocks such as ASX Limited, Insignia Financial Ltd, and Suncorp Group Limited. According to TipRanks, Chidgey has an average return of 7.9% and a 65.41% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Insignia Financial Ltd with a $1.80 average price target.
The company has a one-year high of $2.20 and a one-year low of $1.18. Currently, Insignia Financial Ltd has an average volume of 915.
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Insignia Financial Ltd (IOOFF) Company Description:
IOOF Holdings Ltd. engages in the provision of financial products and services. It operates through the following segments: Financial Advice and Distribution, Portfolio and Estate Administration, Investment Management, Ex-ANZ Wealth Management, and Corporate and Other. The Financial Advice and Distribution segment includes financial planning advice and stockbroking services supported by investment research, training, compliance support, and access to financial products. The Portfolio and Estate Administration segment offers administration and management services through master trust platforms, which offer a single access point to a range of investment products. The Investment Management segment comprises of management and investment of monies on behalf of corporate, superannuation, institutional clients, and private individual investor clients. The Ex-ANZ Wealth Management segment delivers financial planning advice services. The Corporate and Other segment refers to the strategic, shareholder or governance nature incurred in carrying on business as a listed entity managing multiple business units. The company was founded in 1846 and is headquartered in Melbourne, Australia.
