IGM Financial (OTCMKTS:IGIFF) had its target price upped by analysts at CIBC from $45.00 to $49.00 in a report released on Tuesday, The Fly reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 33.81% from the company’s current price.
Several other research analysts also recently commented on IGIFF. Barclays lifted their target price on shares of IGM Financial from $34.00 to $41.00 and gave the stock an “underweight” rating in a report on Tuesday. Scotiabank lifted their target price on shares of IGM Financial from $42.00 to $46.00 and gave the company a “sector perform” rating in a research report on Tuesday. BMO Capital Markets lifted their target price on shares of IGM Financial from $41.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday. National Bank Financial initiated coverage on shares of IGM Financial in a research report on Thursday, April 29th. They set an “outperform” rating on the stock. Finally, TD Securities upgraded shares of IGM Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, February 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. IGM Financial has an average rating of “Hold” and a consensus target price of $42.00.
IGIFF traded up $0.92 during trading on Tuesday, hitting $36.62. The stock had a trading volume of 1,152 shares, compared to its average volume of 2,413. IGM Financial has a 12 month low of $17.79 and a 12 month high of $36.65. The company has a 50 day simple moving average of $31.99 and a 200-day simple moving average of $28.14.
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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