IGM Financial (TSE:IGM) Price Target Raised to C$56.00

IGM Financial (TSE:IGM) had its price objective raised by TD Securities from C$51.00 to C$56.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

Several other research firms have also commented on IGM. National Bankshares lifted their price target on shares of IGM Financial from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Scotiabank lifted their price target on shares of IGM Financial from C$53.00 to C$56.00 in a research report on Friday, November 8th. CIBC lifted their price target on shares of IGM Financial from C$47.00 to C$50.00 in a research report on Friday, November 8th. Jefferies Financial Group lifted their price target on shares of IGM Financial from C$39.00 to C$45.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets lifted their price target on shares of IGM Financial from C$47.00 to C$48.00 in a research report on Monday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, IGM Financial currently has an average rating of “Moderate Buy” and an average price target of C$50.29.

IGM Financial Stock Up 0.7 %

IGM stock opened at C$44.60 on Monday. The firm has a market cap of C$10.55 billion, a PE ratio of 12.56, a PEG ratio of 4.09 and a beta of 1.53. The company has a debt-to-equity ratio of 35.99, a quick ratio of 0.31 and a current ratio of 2.12. The firm’s 50 day moving average price is C$45.78 and its 200-day moving average price is C$42.81. IGM Financial has a one year low of C$32.95 and a one year high of C$47.96.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.