IGM Financial (IGM) Price Target Increased to C$41.00 by Analysts at CIBC

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IGM Financial (TSE:IGM) had its target price hoisted by equities research analysts at CIBC from C$39.00 to C$41.00 in a research note issued to investors on Monday. CIBC’s target price indicates a potential upside of 19.88% from the company’s previous close.

IGM has been the topic of several other research reports. Royal Bank of Canada cut their price target on shares of IGM Financial from C$44.00 to C$43.00 and set an “outperform” rating on the stock in a report on Friday, November 16th. Barclays cut their price target on shares of IGM Financial from C$40.00 to C$34.00 in a report on Friday, October 26th. Desjardins lowered shares of IGM Financial from a “buy” rating to a “hold” rating and cut their price target for the company from C$39.00 to C$37.00 in a report on Monday, February 4th. TD Securities cut their price target on shares of IGM Financial from C$40.00 to C$39.00 and set a “buy” rating on the stock in a report on Monday, November 19th. Finally, Canaccord Genuity cut their price target on shares of IGM Financial from C$40.00 to C$35.00 in a report on Monday, October 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$38.13.

TSE IGM traded up C$1.10 during mid-day trading on Monday, hitting C$34.20. The company’s stock had a trading volume of 230,493 shares, compared to its average volume of 235,933. IGM Financial has a 52-week low of C$29.84 and a 52-week high of C$42.30. The company has a debt-to-equity ratio of 41.00, a quick ratio of 0.65 and a current ratio of 4.58. The firm has a market capitalization of $7.97 billion and a price-to-earnings ratio of 12.91.

About IGM Financial

IGM Financial Inc manages and distributes investment funds and other managed asset products in Canada. The company operates through Investors Group, Mackenzie Investments, and Corporate and Other segments. 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; iProfile, a portfolio management program; and separately managed accounts and fee-based brokerage accounts.

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Analyst Recommendations for IGM Financial (TSE:IGM)

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