IGM Financial Inc. (IGM) PT Lowered to C$35.50
IGM Financial Inc. (TSE:IGM) had its price objective dropped by stock analysts at Canaccord Genuity from C$35.75 to C$35.50 in a research report issued on Tuesday. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity’s price objective would indicate a potential downside of 1.66% from the stock’s current price.
Several other equities analysts also recently commented on the company. TD Securities reiterated a “hold” rating and set a C$39.00 price target on shares of IGM Financial in a report on Friday, August 5th. Scotiabank reiterated a “sector perform” rating and set a C$39.00 price target on shares of IGM Financial in a report on Friday, August 5th. BMO Capital Markets increased their price target on IGM Financial from C$37.00 to C$39.00 and gave the company a “market perform” rating in a report on Friday, August 5th. Barclays PLC increased their price target on IGM Financial from C$35.00 to C$36.00 and gave the company an “underweight” rating in a report on Friday, August 5th. Finally, GMP Securities downgraded IGM Financial from a “buy” rating to a “hold” rating and lowered their price target for the company from C$42.25 to C$39.50 in a report on Friday, August 5th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$38.64.
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Shares of IGM Financial (TSE:IGM) traded up 0.03% during mid-day trading on Tuesday, hitting $36.11. 81,822 shares of the company’s stock were exchanged. IGM Financial has a 52 week low of $31.47 and a 52 week high of $40.00. The firm has a 50 day moving average price of $36.65 and a 200-day moving average price of $37.07. The company has a market capitalization of $8.68 billion and a price-to-earnings ratio of 12.37.
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