By Amy Steele – 0 comments
BMO Capital Markets restated their market perform rating on shares of IGM Financial Inc. (TSE:IGM) in a research report released on Friday. They currently have a C$45.00 price target on the financial services provider’s stock.
Other equities analysts have also issued research reports about the stock. CIBC increased their target price on shares of IGM Financial from C$42.00 to C$44.00 in a report on Tuesday, May 2nd. Desjardins raised shares of IGM Financial from a hold rating to a buy rating in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of C$41.89.
Shares of IGM Financial (IGM) traded down 0.35% during mid-day trading on Friday, hitting $42.66. 277,145 shares of the company traded hands. The firm’s 50 day moving average price is $40.79 and its 200-day moving average price is $40.43. The stock has a market capitalization of $10.26 billion and a PE ratio of 13.16. IGM Financial has a 1-year low of $34.83 and a 1-year high of $42.87.
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About IGM Financial
IGM Financial Inc operates as a financial services company in Canada. The company operates through Investors Group, Mackenzie, and Corporate and Other segments. It manages and distributes mutual funds and other managed asset products. The company also offers financial planning services, including investment, tax, retirement, education, risk management, and estate planning; strategic investment planning programs; mutual funds; managed asset and multi-manager investment programs; portfolio management programs; and separately managed accounts and fee-based brokerage accounts.
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