IGM Financial (TSE:IGM) Given a C$46.00 Price Target by Royal Bank Of Canada Analysts

Royal Bank Of Canada set a C$46.00 price target on IGM Financial (TSE:IGM) in a research note released on Wednesday,BayStreet.CA reports. The firm currently has a sector perform rating on the financial services provider’s stock.

Other analysts have also recently issued reports about the company. BMO Capital Markets cut their price objective on IGM Financial from C$47.00 to C$46.00 in a research report on Monday, May 12th. Scotiabank lifted their price objective on IGM Financial from C$49.00 to C$51.00 in a research report on Friday, May 9th. Finally, Jefferies Financial Group cut their price objective on IGM Financial from C$47.00 to C$42.00 in a research report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, IGM Financial presently has an average rating of “Hold” and a consensus price target of C$48.71.

IGM Financial Stock Down 0.4%

Shares of TSE:IGM opened at C$43.11 on Wednesday. IGM Financial has a 1 year low of C$35.33 and a 1 year high of C$47.96. The company has a market cap of C$10.28 billion, a PE ratio of 11.04, a P/E/G ratio of 4.09 and a beta of 1.53. The company has a debt-to-equity ratio of 97.24, a current ratio of 3.61 and a quick ratio of 0.31. The stock’s 50-day moving average is C$43.48 and its 200 day moving average is C$44.51.

About IGM Financial

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, Canada Life, and Putnam Investments. IGM has two main operating divisionsasset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management and Investment Planning Counsel subsidiaries)that provide investment management products and services.