Shares of IGM Financial Inc. (TSE:IGM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$49.29.
A number of brokerages recently issued reports on IGM. TD Securities lifted their price objective on shares of IGM Financial from C$46.00 to C$50.00 in a research note on Monday, November 11th. Scotiabank lifted their price target on IGM Financial from C$53.00 to C$56.00 in a research note on Friday, November 8th. CIBC upped their price objective on IGM Financial from C$47.00 to C$50.00 in a research report on Friday, November 8th. National Bankshares lifted their target price on IGM Financial from C$47.00 to C$50.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their target price on shares of IGM Financial from C$39.00 to C$45.00 and gave the stock a "hold" rating in a report on Friday, November 1st.
Get Our Latest Report on IGM
IGM Financial Price Performance
IGM Financial stock traded down C$0.18 during trading hours on Friday, reaching C$44.81. 258,212 shares of the stock were exchanged, compared to its average volume of 274,840. The stock has a 50 day moving average of C$46.16 and a two-hundred day moving average of C$41.90. The company has a market cap of C$10.60 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53. The company has a current ratio of 2.12, a quick ratio of 0.31 and a debt-to-equity ratio of 35.99. IGM Financial has a twelve month low of C$32.95 and a twelve month high of C$47.96.
IGM Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.563 dividend. This represents a $2.25 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Tuesday, December 31st. IGM Financial's dividend payout ratio (DPR) is currently 63.38%.
IGM Financial Company Profile
(
Get Free ReportIGM 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.
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