IGM Financial (OTCMKTS:IGIFF) Given New $49.00 Price Target at CIBC


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IGM Financial (OTCMKTS:IGIFF) had its target price raised by equities researchers at CIBC from $45.00 to $49.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 33.81% from the company’s previous close.

Several other research firms have also recently weighed in on IGIFF. Canaccord Genuity boosted their price objective on shares of IGM Financial from $39.50 to $44.00 and gave the company a “buy” rating in a report on Friday, March 26th. TD Securities raised shares of IGM Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, February 16th. National Bank Financial initiated coverage on shares of IGM Financial in a research report on Thursday, April 29th. They set an “outperform” rating for the company. Barclays upped their target price on shares of IGM Financial from $34.00 to $41.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, Scotiabank increased their price objective on shares of IGM Financial from $42.00 to $46.00 and gave the company a “sector perform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $42.00.

OTCMKTS:IGIFF traded up $0.92 during mid-day trading on Tuesday, hitting $36.62. 1,152 shares of the company’s stock were exchanged, compared to its average volume of 2,413. IGM Financial has a one year low of $17.79 and a one year high of $36.65. The business has a fifty day moving average price of $31.99 and a 200 day moving average price of $28.14.

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.

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The Fly

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