IGM Financial (TSE:IGM) PT Raised to C$40.00 at BMO Capital Markets

IGM Financial (TSE:IGM) had its price objective increased by analysts at BMO Capital Markets from C$39.00 to C$40.00 in a research report issued on Monday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 5.54% from the company’s current price.

A number of other brokerages have also recently issued reports on IGM. Scotiabank upped their price objective on shares of IGM Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. National Bankshares lifted their price objective on IGM Financial from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. CIBC increased their target price on IGM Financial from C$42.00 to C$45.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. TD Securities lifted their price target on IGM Financial from C$41.00 to C$42.00 in a research note on Thursday, April 25th. Finally, Royal Bank of Canada raised their target price on shares of IGM Financial from C$44.00 to C$45.00 in a report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, IGM Financial currently has a consensus rating of “Moderate Buy” and an average target price of C$44.00.

IGM Financial Trading Down 0.6 %

TSE IGM opened at C$37.90 on Monday. The stock’s 50-day simple moving average is C$34.84 and its two-hundred day simple moving average is C$34.65. IGM Financial has a twelve month low of C$30.34 and a twelve month high of C$42.02. The company has a quick ratio of 0.31, a current ratio of 1.94 and a debt-to-equity ratio of 38.26. The company has a market capitalization of C$9.03 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 4.24 and a beta of 1.58.

IGM Financial (TSE:IGM) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported C$0.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.89 by C($0.05). The firm had revenue of C$768.80 million for the quarter, compared to analysts’ expectations of C$773.00 million. IGM Financial had a net margin of 31.03% and a return on equity of 14.46%. Research analysts forecast that IGM Financial will post 3.711039 EPS for the current fiscal year.

IGM Financial Company Profile

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.