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

IGM Financial (TSE:IGM) had its price objective boosted by TD Securities from C$51.00 to C$56.00 in a report released on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the financial services provider’s stock.

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

IGM Financial Stock Up 0.7 %

IGM Financial stock opened at C$44.60 on Monday. IGM Financial has a twelve month low of C$32.95 and a twelve month high of C$47.96. The stock’s fifty day simple moving average is C$45.78 and its 200-day simple moving average is C$42.81. The company has a current ratio of 2.12, a quick ratio of 0.31 and a debt-to-equity ratio of 35.99. The firm has a market capitalization of C$10.55 billion, a P/E ratio of 12.56, a P/E/G ratio of 4.09 and a beta of 1.53.

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.