IGM Financial (TSE:IGM – Get Free Report) The price target was raised by Royal Bank of Canada equity analysts from CAD 46.00 to CAD 47.00 in a note to investors on Thursday, BayStreet.CA reports. Royal Bank of Canada’s price target would imply a potential upside of 27.96% from the stock’s last closing price.
Several other analysts have also issued reports on the stock. BMO Capital Markets increased their price target on shares of IGM Financial from C$39.00 to C$40.00 in a research note on Monday, May 6th. National Bankshares increased their price target on shares of IGM Financial from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. TD Securities increased their price target on shares of IGM Financial from C$42.00 to C$43.00 and gave the company a “buy” rating in a report on Monday, May 6th. Jefferies Financial Group increased their price target on shares of IGM Financial from C$38.00 to C$39.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, CIBC raised their price target on shares of IGM Financial from C$42.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 3. Two investment analysts have rated the stock with a “hold” rating and four have given a “buy” rating. According to MarketBeat.com, the company currently has an average rating of “moderate buy” and an average price target of C$43.71.
Check out our latest analysis on IGM
IGM Financial shares rise by 1.6%
IGM stock rose C$0.59 in midday trading on Thursday, reaching C$36.73. 230,558 shares of the company traded hands, compared to an average volume of 246,028. The stock has a market cap of C$8.72 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 4.09 and a beta of 1.55. The company has a quick ratio of 0.31, a current ratio of 20.63 and a debt-to-equity ratio of 35.99. IGM Financial has a 52-week low of C$30.34 and a 52-week high of C$39.50. The company’s 50-day moving average price is CAD $37.78 and its 200-day moving average price is CAD $36.34.
Company profile of IGM Financial
(Get free report)
IGM Financial Inc. is a wealth and asset management company in Canada. It operates through wealth management and asset management segments. The wealth management segment offers investments focused on providing financial planning and related services. In addition, it offers mutual fund management and discretionary portfolio management services.
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