IGM Financial (TSE:IGM) Price Target Increased to C$45.00 by Analysts at Royal Bank of Canada

IGM Financial (TSE:IGM) had its price objective boosted by stock analysts at Royal Bank of Canada from C$44.00 to C$45.00 in a research report issued on Friday, BayStreet.CA reports. Royal Bank of Canada’s price target would indicate a potential upside of 18.55% from the stock’s current price.

Other analysts have also issued research reports about the stock. National Bankshares raised their price objective on shares of IGM Financial from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. TD Securities raised their price target on shares of IGM Financial from C$41.00 to C$42.00 in a report on Thursday, April 25th. Finally, Scotiabank raised their price target on shares of IGM Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, IGM Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$43.17.

IGM Financial Stock Up 6.2 %

Shares of IGM opened at C$37.96 on Friday. The stock has a market cap of C$9.04 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 4.24 and a beta of 1.58. The company has a quick ratio of 0.31, a current ratio of 1.94 and a debt-to-equity ratio of 38.26. IGM Financial has a 12 month low of C$30.34 and a 12 month high of C$42.02. The company has a 50-day moving average price of C$34.74 and a two-hundred day moving average price of C$34.55.

IGM Financial (TSE:IGM) last posted its quarterly earnings data on Thursday, February 15th. The financial services provider reported C$0.84 earnings per share for the quarter, missing the consensus estimate of C$0.89 by C($0.05). The firm had revenue of C$768.80 million for the quarter, compared to analyst estimates of C$773.00 million. IGM Financial had a return on equity of 14.46% and a net margin of 31.03%. Equities analysts predict 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.