BMO Capital Markets Increases IGM Financial (OTCMKTS:IGIFF) Price Target to $44.00


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IGM Financial (OTCMKTS:IGIFF) had its price objective raised by research analysts at BMO Capital Markets from $41.00 to $44.00 in a research report issued on Tuesday, The Fly reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 20.15% from the stock’s current price.

IGIFF has been the topic of several other reports. Canaccord Genuity upped their price target on IGM Financial from $39.50 to $44.00 and gave the company a “buy” rating in a research report on Friday, March 26th. TD Securities upgraded IGM Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, February 16th. Barclays boosted their price objective on IGM Financial from $34.00 to $41.00 and gave the stock an “underweight” rating in a report on Tuesday. National Bank Financial initiated coverage on IGM Financial in a research note on Thursday, April 29th. They issued an “outperform” rating for the company. Finally, Scotiabank upped their target price on IGM Financial from $42.00 to $46.00 and gave the stock a “sector perform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. IGM Financial currently has a consensus rating of “Hold” and a consensus target price of $42.00.

Shares of IGIFF traded up $0.92 during midday trading on Tuesday, hitting $36.62. 1,152 shares of the company traded hands, compared to its average volume of 2,413. The stock has a 50-day moving average of $31.99 and a 200-day moving average of $28.14. IGM Financial has a one year low of $17.79 and a one year high of $36.65.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management, Asset Management, and Strategic Investments and Other segments. The company offers financial advisory services; IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program; IG Wealth Management Advisor Portal, a customer relationship management platform; and IG Wealth Management's dealer platform, which provides increased automation and supports both MFDA and IIROC licensed advisors, as well as new products on its investment dealer platform.

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