IGM Financial Inc. (TSE:IGM) Given Average Rating of "Moderate Buy" by Brokerages

IGM Financial Inc. (TSE:IGM - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$50.29.

Several brokerages have weighed in on IGM. 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 research note on Friday, November 1st. National Bankshares increased their price objective 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. TD Securities boosted their target price on IGM Financial from C$51.00 to C$56.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Scotiabank raised their price target on IGM Financial from C$53.00 to C$56.00 in a research report on Friday, November 8th. Finally, CIBC boosted their price objective on IGM Financial from C$47.00 to C$50.00 in a report on Friday, November 8th.

IGM Financial Trading Up 1.1 %

IGM stock traded up C$0.48 during midday trading on Wednesday, hitting C$44.95. 417,660 shares of the company's stock were exchanged, compared to its average volume of 335,032. IGM Financial has a 1-year low of C$32.95 and a 1-year high of C$47.96. The business has a 50-day simple moving average of C$45.67 and a two-hundred day simple moving average of C$42.89. The stock has a market capitalization of C$10.72 billion, a PE ratio of 11.52, a P/E/G ratio of 4.09 and a beta of 1.53. The company has a current ratio of 3.61, a quick ratio of 0.31 and a debt-to-equity ratio of 97.24.

About IGM Financial

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.