IGM Financial (IGM) Price Target Lowered to C$46.00 at Canaccord Genuity

IGM Financial (TSE:IGM) had its price objective reduced by equities researchers at Canaccord Genuity from C$49.00 to C$46.00 in a research note issued to investors on Monday. Canaccord Genuity’s price objective indicates a potential upside of 14.23% from the stock’s previous close.

IGM has been the topic of several other research reports. CIBC lowered their price target on IGM Financial from C$45.00 to C$43.00 in a research report on Monday. Desjardins lowered their price target on IGM Financial from C$50.00 to C$48.00 in a research report on Monday. Royal Bank of Canada lowered their price target on IGM Financial from C$54.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Monday. Scotiabank boosted their price target on IGM Financial from C$47.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Monday, November 6th. Finally, Barclays lowered their price target on IGM Financial from C$44.00 to C$43.00 in a research report on Monday, November 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$47.13.

Shares of IGM Financial (IGM) traded down C$0.18 during trading on Monday, reaching C$40.27. The company had a trading volume of 252,689 shares, compared to its average volume of 252,278. IGM Financial has a 1-year low of C$38.56 and a 1-year high of C$45.82. The firm has a market cap of $9,730.00, a price-to-earnings ratio of 12.35 and a beta of 0.93.

In other IGM Financial news, Director Jean-Claude Bachand bought 1,000 shares of IGM Financial stock in a transaction dated Tuesday, December 5th. The stock was bought at an average cost of C$44.35 per share, for a total transaction 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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