IGM Financial (TSE:IGM) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of IGM Financial (TSE:IGM) to a hold rating in a research report report published on Wednesday, Marketbeat Ratings reports. Royal Bank Of Canada currently has C$46.00 price target on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. Jefferies Financial Group lowered their target price on IGM Financial from C$47.00 to C$42.00 in a research report on Monday, April 21st. Scotiabank boosted their price target on shares of IGM Financial from C$49.00 to C$51.00 in a research note on Friday, May 9th. Finally, BMO Capital Markets dropped their price objective on shares of IGM Financial from C$47.00 to C$46.00 in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$48.71.

IGM Financial Stock Down 0.3%

IGM stock opened at C$43.07 on Wednesday. The stock’s 50 day simple moving average is C$43.58 and its 200 day simple moving average is C$44.48. The company has a market cap of C$10.27 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53. The company has a debt-to-equity ratio of 97.24, a quick ratio of 0.31 and a current ratio of 3.61. IGM Financial has a fifty-two week low of C$35.33 and a fifty-two week high of C$47.96.

IGM Financial Company Profile

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, Canada Life, and Putnam Investments. IGM has two main operating divisionsasset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management and Investment Planning Counsel subsidiaries)that provide investment management products and services.