IGM Financial (TSE:IGM) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

IGM Financial (TSE:IGM - Get Free Report) had its price objective boosted by BMO Capital Markets from C$47.00 to C$48.00 in a research note issued on Monday,BayStreet.CA reports. BMO Capital Markets' target price points to a potential upside of 7.99% from the company's current price.

Several other analysts have also recently commented on IGM. Scotiabank raised their target price on shares of IGM Financial from C$53.00 to C$56.00 in a research note on Friday, November 8th. TD Securities lifted their price objective on IGM Financial from C$46.00 to C$50.00 in a report on Monday, November 11th. CIBC raised their target price on IGM Financial from C$47.00 to C$50.00 in a report on Friday, November 8th. National Bankshares upped their target price on shares of IGM Financial from C$47.00 to C$50.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their price target on shares of IGM Financial from C$39.00 to C$45.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$50.29.

IGM Financial Stock Performance

Shares of IGM traded down C$0.15 during mid-day trading on Monday, hitting C$44.45. 158,169 shares of the company's stock were exchanged, compared to its average volume of 324,958. The company has a current ratio of 3.61, a quick ratio of 0.31 and a debt-to-equity ratio of 97.24. IGM Financial has a fifty-two week low of C$32.95 and a fifty-two week high of C$47.96. The business's 50 day moving average is C$45.78 and its two-hundred day moving average is C$42.81. The firm has a market capitalization of C$10.60 billion, a P/E ratio of 11.39, a P/E/G ratio of 4.09 and a beta of 1.53.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.