IGM Financial Inc. (TSE:IGM) Receives C$50.29 Average Price Target from Analysts

Shares of IGM Financial Inc. (TSE:IGM) have received an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$50.29.

A number of equities analysts have issued reports on the company. National Bankshares increased their price target on IGM Financial from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. CIBC increased their price target on IGM Financial from C$47.00 to C$50.00 in a research report on Friday, November 8th. BMO Capital Markets increased their price target on IGM Financial from C$47.00 to C$48.00 in a research report on Monday, February 10th. Jefferies Financial Group increased their price target on IGM Financial from C$39.00 to C$45.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Scotiabank increased their price target on IGM Financial from C$53.00 to C$56.00 in a research report on Friday, November 8th.

IGM Financial Stock Up 0.5 %

Shares of IGM opened at C$45.18 on Wednesday. IGM Financial has a 52 week low of C$32.95 and a 52 week high of C$47.96. The company has a quick ratio of 0.31, a current ratio of 3.61 and a debt-to-equity ratio of 97.24. The company has a market capitalization of C$10.77 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 4.09 and a beta of 1.53. The stock’s 50-day moving average price is C$45.57 and its 200-day moving average price is C$42.97.

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.