IGM Financial (TSE:IGM – Get Free Report) had its price target increased by equities research analysts at CIBC from C$42.00 to C$45.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the financial services provider’s stock. CIBC’s price target would indicate a potential upside of 18.55% from the stock’s previous close.
IGM has been the topic of several other research reports. National Bankshares upped their price objective on IGM Financial from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. TD Securities increased their price objective on IGM Financial from C$41.00 to C$42.00 in a research note on Thursday, April 25th. Scotiabank increased their price objective on 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. Finally, Royal Bank of Canada increased their price objective on IGM Financial from C$44.00 to C$45.00 in a research note on Friday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$43.17.
Read Our Latest Research Report on IGM
IGM Financial Trading Up 6.2 %
IGM Financial (TSE:IGM – Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The financial services provider reported C$0.84 EPS for the quarter, missing the consensus estimate of C$0.89 by C($0.05). IGM Financial had a return on equity of 14.46% and a net margin of 31.03%. The company had revenue of C$768.80 million during the quarter, compared to analysts’ expectations of C$773.00 million. Analysts anticipate that IGM Financial will post 3.711039 earnings per share for the current 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.
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