BMO Capital Markets Issues Pessimistic Forecast for IGM Financial (TSE:IGM) Stock Price

IGM Financial (TSE:IGM) had its price target lowered by BMO Capital Markets from C$48.00 to C$47.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 11.35% from the stock’s current price.

Separately, TD Securities lifted their price target on shares of IGM Financial from C$51.00 to C$56.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, IGM Financial has a consensus rating of “Moderate Buy” and an average target price of C$50.14.

IGM Financial Stock Performance

Shares of TSE IGM traded down C$0.33 during midday trading on Thursday, hitting C$42.21. 51,226 shares of the company’s stock traded hands, compared to its average volume of 346,807. The company has a debt-to-equity ratio of 97.24, a quick ratio of 0.31 and a current ratio of 3.61. The stock has a market capitalization of C$10.07 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53. The firm has a fifty day moving average of C$43.88 and a 200 day moving average of C$44.46. IGM Financial has a 1 year low of C$33.26 and a 1 year high of C$47.96.

About IGM Financial

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.