IGM Financial Stock Rating Reaffirmed by Canaccord Genuity (IGM)
IGM Financial (TSE:IGM)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Friday. They currently have a C$57.00 price target on the stock, down from their previous price target of C$61.00. Canaccord Genuity’s price objective would suggest a potential upside of 13.73% from the company’s current price.
A number of other analysts have also recently weighed in on IGM. Analysts at TD Securities downgraded shares of IGM Financial from a “buy” rating to a “hold” rating in a research note on Monday, May 12th. They now have a C$59.00 price target on the stock, down previously from C$62.00. 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, May 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$58.28.
Shares of IGM Financial (TSE:IGM) traded up 1.02% on Friday, hitting $50.63. The stock had a trading volume of 41,287 shares. IGM Financial has a 52 week low of $46.34 and a 52 week high of $57.11. The stock’s 50-day moving average is $50.8 and its 200-day moving average is $52.65. The company has a market cap of $12.777 billion and a price-to-earnings ratio of 16.33.
IGM Financial (TSE:IGM) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.81 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.83 by $0.02. Analysts expect that IGM Financial will post $3.38 EPS for the current fiscal year.
IGM Financial Inc (TSE:IGM) is a Canada-based financial services company.
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