IGM Financial Inc. (TSE:IGM) had its target price lowered by stock analysts at Canaccord Genuity from C$35.75 to C$35.50 in a research note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity’s target price suggests a potential downside of 1.66% from the company’s previous close.

IGM has been the subject of several other research reports. Scotiabank restated a “sector perform” rating and set a C$39.00 price target on shares of IGM Financial in a research report on Friday, August 5th. Barclays PLC increased their price target on shares of IGM Financial from C$35.00 to C$36.00 and gave the company an “underweight” rating in a research report on Friday, August 5th. BMO Capital Markets increased their price target on shares of IGM Financial from C$37.00 to C$39.00 and gave the company a “market perform” rating in a research report on Friday, August 5th. TD Securities restated a “hold” rating and set a C$39.00 price target on shares of IGM Financial in a research report on Friday, August 5th. Finally, GMP Securities lowered shares of IGM Financial from a “buy” rating to a “hold” rating and reduced their price target for the company from C$42.25 to C$39.50 in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. IGM Financial currently has a consensus rating of “Hold” and a consensus price target of C$38.64.

Analyst Recommendations for IGM Financial (TSE:IGM)

Shares of IGM Financial (TSE:IGM) traded down 0.22% during trading on Tuesday, hitting $36.02. 71,030 shares of the stock traded hands. IGM Financial has a 1-year low of $31.47 and a 1-year high of $40.00. The company has a market cap of $8.66 billion and a P/E ratio of 12.34. The stock has a 50-day moving average of $36.65 and a 200 day moving average of $37.07.

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