IGM Financial Receives Consensus Rating of “Buy” from Analysts (TSE:IGM)
Shares of IGM Financial (TSE:IGM) have earned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the company, AR Network reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$58.05.
IGM Financial (TSE:IGM) traded up 0.20% during mid-day trading on Monday, hitting $51.12. 82,317 shares of the company’s stock traded hands. IGM Financial has a 52 week low of $46.34 and a 52 week high of $57.11. The stock has a 50-day moving average of $50.83 and a 200-day moving average of $52.64. The company has a market cap of $12.900 billion and a P/E ratio of 16.62.
IGM Financial (TSE:IGM) last announced its earnings results on Friday, August 8th. The company reported $0.81 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.83 by $0.02. Analysts expect that IGM Financial will post $3.37 EPS for the current fiscal year.
A number of analysts have recently weighed in on IGM shares. Analysts at National Bank Financial cut their price target on shares of IGM Financial from C$58.00 to C$57.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at TD Securities cut their price target on shares of IGM Financial from C$59.00 to C$58.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Scotiabank cut their price target on shares of IGM Financial from C$59.00 to C$58.00 in a research note on Friday. They now have an “outperform” rating on the stock.
IGM Financial Inc (TSE:IGM) is a Canada-based financial services company.
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