IGM Financial (TSE:IGM) Price Target Raised to C$50.00

IGM Financial (TSE:IGM) had its price objective lifted by TD Securities from C$46.00 to C$50.00 in a report issued on Monday morning,BayStreet.CA reports.

IGM has been the subject of several other reports. CIBC boosted their price objective on IGM Financial from C$47.00 to C$50.00 in a research report on Friday, November 8th. National Bankshares upped their price objective on shares of IGM Financial from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price objective on shares of IGM Financial from C$39.00 to C$45.00 and gave the company a “hold” rating in a report on Friday, November 1st. Scotiabank raised their price objective on shares of IGM Financial from C$53.00 to C$56.00 in a research note on Friday, November 8th. Finally, Royal Bank of Canada upped their target price on IGM Financial from C$46.00 to C$47.00 in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$49.29.

IGM Financial Stock Performance

IGM stock opened at C$45.63 on Monday. The company has a debt-to-equity ratio of 35.99, a quick ratio of 0.31 and a current ratio of 2.12. IGM Financial has a 1 year low of C$32.95 and a 1 year high of C$45.74. The stock’s fifty day moving average is C$41.38 and its two-hundred day moving average is C$38.95. The stock has a market capitalization of C$10.80 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 4.09 and a beta of 1.53.

IGM Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.563 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.25 dividend on an annualized basis and a dividend yield of 4.94%. IGM Financial’s dividend payout ratio (DPR) is presently 63.38%.

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.