IGM Financial Rating Lowered to Hold at TD Securities (IGM)
IGM Financial (TSE:IGM) was downgraded by equities researchers at TD Securities from a “buy” rating to a “hold” rating in a research report issued on Monday, AnalystRatingsNetwork reports.
IGM Financial (TSE:IGM) traded down 3.05% during mid-day trading on Monday, hitting $52.51. The stock had a trading volume of 154,868 shares. IGM Financial has a 52-week low of $43.67 and a 52-week high of $57.11. The stock’s 50-day moving average is $53.09 and its 200-day moving average is $53.6. The company has a market cap of $13.251 billion and a price-to-earnings ratio of 17.93.
IGM Financial (TSE:IGM) last announced its earnings results on Monday, May 12th. The company reported $0.77 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.80 by $0.03. On average, analysts predict that IGM Financial will post $3.45 earnings per share for the current fiscal year.
IGM has been the subject of a number of other recent research reports. Analysts at CIBC cut their price target on shares of IGM Financial from C$64.00 to C$63.00 in a research note on Monday. Separately, analysts at Canaccord Genuity raised their price target on shares of IGM Financial from C$60.00 to C$61.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of IGM Financial from C$56.00 to C$60.00 in a research note on Tuesday, April 29th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. IGM Financial presently has an average rating of “Buy” and a consensus target price of C$57.61.
IGM Financial Inc (TSE:IGM) is a Canada-based financial services company.
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