IGM Financial (IGM) Price Target Lowered to C$43.00 at CIBC

IGM Financial (TSE:IGM) had its price target lowered by equities researchers at CIBC from C$45.00 to C$43.00 in a research note issued on Monday. CIBC’s target price points to a potential upside of 6.78% from the stock’s previous close.

Several other analysts also recently issued reports on the company. Desjardins reduced their price target on IGM Financial from C$50.00 to C$48.00 in a research note on Monday. Royal Bank of Canada reduced their price target on IGM Financial from C$54.00 to C$50.00 and set an “outperform” rating for the company in a research note on Monday. Scotiabank restated an “outperform” rating and issued a C$50.00 price target on shares of IGM Financial in a research note on Tuesday, December 12th. Barclays reduced their price target on IGM Financial from C$44.00 to C$43.00 in a research note on Monday, November 6th. Finally, BMO Capital Markets restated an “outperform” rating and issued a C$48.00 price target on shares of IGM Financial in a research note on Monday, November 6th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$47.13.

IGM Financial (TSE:IGM) traded down C$0.18 on Monday, reaching C$40.27. The company had a trading volume of 252,689 shares, compared to its average volume of 252,278. The company has a market cap of $9,730.00, a P/E ratio of 12.35 and a beta of 0.93. IGM Financial has a twelve month low of C$38.56 and a twelve month high of C$45.82.

In related news, Director Jean-Claude Bachand acquired 1,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was purchased at an average cost 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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