IGM Financial Inc. (IGM) Given Average Recommendation of “Hold” by Analysts
IGM Financial Inc. (TSE:IGM) has received an average rating of “Hold” from the nine analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$41.00.
Several equities analysts have recently commented on the company. Desjardins upgraded IGM Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. CIBC increased their target price on IGM Financial from C$42.00 to C$44.00 in a research note on Tuesday, May 2nd.
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Shares of IGM Financial (TSE:IGM) traded down 1.07% on Tuesday, reaching $40.53. 127,519 shares of the company were exchanged. IGM Financial has a 1-year low of $34.58 and a 1-year high of $42.25. The stock has a market capitalization of $9.75 billion and a PE ratio of 12.51. The company has a 50-day moving average price of $39.87 and a 200 day moving average price of $40.06.
IGM Financial Company Profile
IGM Financial Inc is a Canada-based financial services company. The Company’s principal businesses are Investors Group Inc and Mackenzie Financial Corporation, which operate within the advice segment of the financial services market. It operates in three segments: Investors Group, Mackenzie Investments, and Corporate and Other.
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