TD Securities Forecasts Strong Price Appreciation for IGM Financial (TSE:IGM) Stock

IGM Financial (TSE:IGM) had its price target upped by research analysts at TD Securities from C$46.00 to C$50.00 in a report released on Monday,BayStreet.CA reports. TD Securities’ target price points to a potential upside of 10.40% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. CIBC raised their price target on shares of IGM Financial from C$47.00 to C$50.00 in a report on Friday, November 8th. National Bankshares raised their price target on shares of IGM Financial from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets lowered their price target on shares of IGM Financial from C$40.00 to C$39.00 in a report on Friday, August 9th. Jefferies Financial Group raised their price target on shares of IGM Financial from C$39.00 to C$45.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Scotiabank raised their price target on shares of IGM Financial from C$53.00 to C$56.00 in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$49.29.

IGM Financial Stock Up 2.1 %

Shares of IGM Financial stock opened at C$45.29 on Monday. The company has a debt-to-equity ratio of 35.99, a current ratio of 2.12 and a quick ratio of 0.31. IGM Financial has a 1 year low of C$31.92 and a 1 year high of C$45.36. The firm’s 50-day moving average is C$41.15 and its two-hundred day moving average is C$38.79. The stock has a market cap of C$10.72 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 4.09 and a beta of 1.53.

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.