IGM Financial Given Consensus Rating of “Buy” by Analysts (TSE:IGM)
IGM Financial (TSE:IGM) has received a consensus rating of “Buy” from the ten analysts that are currently covering the company, StockRatingsNetwork reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$58.05.
A number of research firms have recently commented on IGM. 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, August 8th. 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, August 8th. 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, August 8th. They now have an “outperform” rating on the stock.
IGM Financial (TSE:IGM) opened at 50.62 on Monday. IGM Financial has a 1-year low of $46.34 and a 1-year high of $57.11. The stock has a 50-day moving average of $50.8 and a 200-day moving average of $52.45. The company has a market cap of $12.762 billion and a price-to-earnings ratio of 16.45.
IGM Financial (TSE:IGM) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by $0.02. On average, analysts predict that IGM Financial will post $3.34 earnings per share for the current fiscal year.
IGM Financial Inc (TSE:IGM) is a Canada-based financial services company.
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