Shares of IGM Financial Inc. (TSE:IGM – Get Rating) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$50.33.
IGM has been the topic of a number of recent research reports. National Bankshares cut their target price on IGM Financial from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Friday, August 5th. Scotiabank dropped their price objective on IGM Financial from C$47.00 to C$42.00 in a research report on Tuesday, July 26th. Barclays increased their price objective on IGM Financial from C$38.00 to C$39.00 in a research report on Monday, August 8th. Finally, TD Securities dropped their price objective on IGM Financial from C$48.00 to C$44.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd.
IGM Financial Price Performance
Shares of IGM Financial stock opened at C$36.90 on Thursday. The company has a quick ratio of 0.35, a current ratio of 2.16 and a debt-to-equity ratio of 38.01. The company has a market cap of C$8.77 billion and a PE ratio of 9.18. The business has a 50 day moving average of C$36.35 and a 200 day moving average of C$39.06. IGM Financial has a 52 week low of C$33.80 and a 52 week high of C$51.68.
About IGM Financial
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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