IGM Financial (IGM) Price Target Lowered to C$42.00 at Barclays

IGM Financial (TSE:IGM) had its price objective decreased by analysts at Barclays from C$43.00 to C$42.00 in a note issued to investors on Monday. Barclays’ price objective would suggest a potential upside of 4.30% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity reduced their target price on IGM Financial from C$49.00 to C$46.00 in a report on Monday. CIBC reduced their target price on IGM Financial from C$45.00 to C$43.00 in a report on Monday. Desjardins reduced their target price on IGM Financial from C$50.00 to C$48.00 in a report on Monday. Royal Bank of Canada reduced their target price on IGM Financial from C$54.00 to C$50.00 and set an “outperform” rating on the stock in a report on Monday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$48.00 price target on shares of IGM Financial in a research report on Monday, November 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. IGM Financial presently has a consensus rating of “Buy” and an average target price of C$47.13.

Shares of IGM Financial (TSE IGM) traded down C$0.18 on Monday, reaching C$40.27. The company’s stock had a trading volume of 252,689 shares, compared to its average volume of 252,278. IGM Financial has a 12-month low of C$38.56 and a 12-month high of C$45.82. The company has a market capitalization of $9,730.00, a PE ratio of 12.35 and a beta of 0.93.

In other IGM Financial news, Director Jean-Claude Bachand purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were bought at an average price of C$44.35 per share, with a total value of C$44,350.00.

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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.

Analyst Recommendations for IGM Financial (TSE:IGM)

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