IGM Financial Inc. (TSE:IGM) Given Average Rating of “Hold” by Analysts
Shares of IGM Financial Inc. (TSE:IGM) have been given an average rating of “Hold” by the nine research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$41.00.
Several brokerages recently weighed in on IGM. CIBC reaffirmed a “neutral” rating and issued a C$44.00 target price on shares of IGM Financial in a research report on Monday, May 15th. Desjardins raised IGM Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, April 26th.
Shares of IGM Financial (TSE IGM) traded up 0.25% during midday trading on Monday, hitting $40.78. The stock had a trading volume of 78,751 shares. IGM Financial has a 12-month low of $34.83 and a 12-month high of $42.25. The stock has a market cap of $9.81 billion and a P/E ratio of 12.58. The stock has a 50-day moving average price of $40.33 and a 200-day moving average price of $40.33.
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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