IGM Financial Inc. (OTCMKTS:IGIFF) has been given a consensus recommendation of “Hold” by the nine analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $48.56.
A number of analysts have weighed in on IGIFF shares. BMO Capital Markets increased their target price on shares of IGM Financial from $44.00 to $47.00 and gave the company a “market perform” rating in a research report on Monday, May 10th. TD Securities raised their price objective on shares of IGM Financial from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, May 10th. Canaccord Genuity raised their price objective on shares of IGM Financial from $39.50 to $44.00 and gave the stock a “buy” rating in a research report on Friday, March 26th. Royal Bank of Canada raised their price objective on shares of IGM Financial from $44.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Friday, May 7th. Finally, Barclays raised their price objective on shares of IGM Financial from $34.00 to $41.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 4th.
OTCMKTS:IGIFF traded up $1.34 on Thursday, reaching $35.24. 205 shares of the stock traded hands, compared to its average volume of 4,135. The firm has a 50 day moving average of $36.13. IGM Financial has a 1-year low of $21.75 and a 1-year high of $37.59.
IGM Financial Company Profile
IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management, Asset Management, and Strategic Investments and Other segments. The company offers financial advisory services; IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program; IG Wealth Management Advisor Portal, a customer relationship management platform; and IG Wealth Management's dealer platform, which provides increased automation and supports both MFDA and IIROC licensed advisors, as well as new products on its investment dealer platform.
Featured Article: New Google Finance Tool and Screening Stocks
Receive News & Ratings for IGM Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IGM Financial and related companies with MarketBeat.com's FREE daily email newsletter.