Industrial Alliance Securities
iA Private Wealth Inc.
Industrial Alliance Securities Inc., now iA Private Wealth Inc., is the Canadian investment dealer of iA Financial Group; its capital markets division, iA Capital Markets, provides underwriting, M&A advice, trading and equity research from Montreal, Toronto and Calgary.
Company history
Industrial Alliance entered securities brokerage in 2002 by buying ISL-Lafferty Securities, renamed Industrial Alliance Securities, and the brokerage businesses of BNP (Canada) Securities and Leduc & Associates. Its October 2013 purchase of Jovian Capital added MGI Securities, amalgamated into the firm in April 2014; the firm later operated as iA Securities. In January 2021 the wealth business was rebranded iA Private Wealth and the capital markets division iA Capital Markets.
- 2002Industrial Alliance Securities formed via ISL-Lafferty acquisition
- 2013Industrial Alliance acquires Jovian Capital, owner of MGI Securities
- 2014MGI Securities amalgamated into Industrial Alliance Securities
- 2021Capital markets division rebranded iA Capital Markets
Research
iA Capital Markets publishes equity research on Canadian companies alongside its underwriting, advisory and trading businesses. Its published rating scale is Strong Buy, Buy, Speculative Buy, Hold and Sell, each defined by expected return over the next 12 months. Some ratings aggregators list analysts of the unrelated U.S. broker A.G.P./Alliance Global Partners under the Industrial Alliance Securities name.
Coverage12M
- Stocks
- 133
- Ratings
- 1
- Price targets
- 202
- Median upside
- +29.9%
- Upgrades
- 0
- Downgrades
- 0
- Initiations
- 0
- Reiterations
- 1
- Targets raised
- 56
- Targets cut
- 45
- Positive0%0
- Neutral100%1
- Negative0%0
Sectors
Ratings
Listing
Activity24M
Most covered24M
Analysts24M
- Brian KinstlingerLVO · OSS · SUIG18
- Gaurav MehtaSPMC · CTO · CLDT11
- Scott HenryLPCN · MEDXF · ICCM7
- Mark DelaneyAPH · APTV · GM6
- Jake SekelskyATCX · IPX · TE4
- James MolloySLS · ADIL · INTS4
Recent actions
| Stock | Rating action | Target | Date |
|---|---|---|---|
| OPOpendoor Technologies Inc.OPEN | Target | $8 →$5 | Sep 18 |
| MDMediWound Ltd.MDWD | Target | $22 →$27 | Sep 16 |
| AKAkari Therapeutics, PlcAKTX | Target | $19.50 | Sep 16 |
 Pearl Diver Credit Company Inc.PDCC | Target | $12 →$10.50 | Sep 8 |
 CNH Industrial N.V.CNH | Target | $10.50 →$18 | Sep 2 |
 Strategy IncMSTR | Target | $217 | Sep 1 |
| GTGates Industrial Corporation plcGTES | Target | $35 →$29 | Aug 31 |
| PCPG&E CorporationPCG | Target | $21 | Aug 31 |
| OOOoma, Inc.OOMA | Target | $24 →$27 | Aug 27 |
 Methode Electronics, Inc.MEI | Target | $30 | Aug 25 |
| EPEvolution Petroleum CorporationEPM | Target | $6 | Aug 25 |
| NDNordson CorporationNDSN | Target | $375 | Aug 24 |
Similar coverage12M
References
- Industrial Alliance 2002 Annual Reportannualreports.com
- Ontario Securities Commission Bulletin, May 1, 2014 (Industrial Alliance Securities Inc. and MGI Securities Inc.)osc.ca
- iA Wealth Launches iA Private Wealth and iA Capital Markets Brandsiaprivatewealth.ca
- About Us | iA Capital Marketsiacapitalmarkets.ca
- iA Securities research report disclosures (2017)cdn.ceo.ca.s3-us-west-2.amazonaws.com
- Industrial Alliance Securities / iA Financial ratings page | MarketBeatmarketbeat.com