Recent Research Analysts’ Ratings Updates for IGM Financial (IGIFF)

A number of firms have modified their ratings and price targets on shares of IGM Financial (OTCMKTS: IGIFF) recently:

• 5/9/2022 – IGM Financial had its price target lowered by analysts at Royal Bank of Canada from C$53.00 to C$47.00.
• 5/9/2022 – IGM Financial had its price target lowered by analysts at Scotiabank from C$51.00 to C$47.00.
• 5/9/2022 – IGM Financial had its price target lowered by analysts at TD Securities from C$51.00 to C$48.00.
• 5/4/2022 – IGM Financial had its price target raised by analysts at BMO Capital Markets from C$41.00 to C$44.00.
• 5/3/2022 – IGM Financial had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$57.00 to C$51.00. They now have a “buy” rating on the stock.
• 5/3/2022 – IGM Financial had its price target lowered by analysts at Scotiabank from C$55.00 to C$51.00.
• 4/7/2022 – IGM Financial had its price target lowered by analysts at National Bank Financial from C$62.00 to C$57.00.

Shares of OTCMKTS:IGIFF traded up $0.02 during trading hours on Wednesday, hitting $28.11. 801 shares of the company’s stock traded hands, compared to its average volume of 2,170. The business has a fifty day moving average price of $34.17 and a 200-day moving average price of $36.17. IGM Financial Inc. has a 1 year low of $28.08 and a 1 year high of $41.48.

The firm also recently announced a dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.4444 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a yield of 4.92%.

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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