Insurance Australia Group (IAG) Shares Tip

Insurance Australia Group (IAG) have an increased share price target of $6.05 per share (from $5.65) with a Hold/Medium Risk (2M) broker call stock recommendation from analyst Citigroup Investment Research (CIR). The upgrade in the share price target comes as IAG acquires Equity Insurance Group which looks to be significantly EPS accretive from FY08E. CIR now forecast 20% normalized EPS growth in FY08E.

Insurance Australia Group Limited is listed on the Australian Stock Exchange (ASX) under stock code IAG. You can view their investor website here. Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. Insurance Australia Group is a provider of general insurance, including full range of personal and commercial insurance products. Also provider of financial services products. You can use Instalment Warrants to trade IAG. Check your charts and good luck with your share trading!