IGM Financial Inc. (TSE:IGM) Receives Average Rating of “Moderate Buy” from Brokerages

IGM Financial Inc. (TSE:IGM) has been given an average recommendation of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$50.29.

Several research analysts recently issued reports on IGM shares. Jefferies Financial Group upped their target price on IGM Financial from C$39.00 to C$45.00 and gave the company a “hold” rating in a research report on Friday, November 1st. TD Securities increased their price objective on IGM Financial from C$51.00 to C$56.00 and gave the company a “buy” rating in a report on Monday, February 10th. BMO Capital Markets increased their price objective on IGM Financial from C$47.00 to C$48.00 in a report on Monday, February 10th. National Bankshares increased their price objective on IGM Financial from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Scotiabank increased their price objective on IGM Financial from C$53.00 to C$56.00 in a report on Friday, November 8th.

IGM Financial Trading Up 0.5 %

Shares of TSE:IGM opened at C$45.18 on Wednesday. The business’s 50-day moving average is C$45.57 and its 200 day moving average is C$42.97. IGM Financial has a 1 year low of C$32.95 and a 1 year high of C$47.96. The firm has a market capitalization of C$10.77 billion, a P/E ratio of 11.57, a P/E/G ratio of 4.09 and a beta of 1.53. The company has a debt-to-equity ratio of 97.24, a current ratio of 3.61 and a quick ratio of 0.31.

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.