BMO Capital Markets Has Lowered Expectations for IGM Financial (TSE:IGM) Stock Price

IGM Financial (TSE:IGM) had its price target reduced by equities research analysts at BMO Capital Markets from C$48.00 to C$47.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 11.72% from the stock’s previous close.

Separately, TD Securities increased their price target on shares of IGM Financial from C$51.00 to C$56.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.14.

IGM Financial Trading Down 1.1 %

IGM opened at C$42.07 on Thursday. The stock has a market capitalization of C$10.03 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 4.09 and a beta of 1.53. The company has a quick ratio of 0.31, a current ratio of 3.61 and a debt-to-equity ratio of 97.24. IGM Financial has a twelve month low of C$33.26 and a twelve month high of C$47.96. The company has a 50-day simple moving average of C$43.79 and a 200 day simple moving average of C$44.42.

About IGM Financial

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.