IGM Financial (TSE:IGM) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

IGM Financial (TSE:IGM) had its price objective boosted by BMO Capital Markets from C$47.00 to C$48.00 in a report published on Monday morning,BayStreet.CA reports.

Several other research firms have also recently commented on IGM. TD Securities raised their target price on shares of IGM Financial from C$46.00 to C$50.00 in a research note on Monday, November 11th. CIBC raised their target price on shares of IGM Financial from C$47.00 to C$50.00 in a research note on Friday, November 8th. Jefferies Financial Group raised their target price on shares of IGM Financial from C$39.00 to C$45.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Scotiabank raised their target price on shares of IGM Financial from C$53.00 to C$56.00 in a research note on Friday, November 8th. Finally, National Bankshares raised their target price on shares of IGM Financial from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$50.29.

IGM Financial Stock Up 0.5 %

IGM Financial stock opened at C$44.63 on Monday. The company has a 50-day simple moving average of C$45.89 and a 200-day simple moving average of C$42.73. The firm has a market capitalization of C$10.56 billion, a P/E ratio of 12.57, a P/E/G 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. 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.