IGM Financial Inc. (TSE:IGM - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$45.83 and last traded at C$45.80, with a volume of 26307 shares trading hands. The stock had previously closed at C$45.59.
Wall Street Analyst Weigh In
Several research firms have weighed in on IGM. Royal Bank of Canada boosted their price target on IGM Financial from C$46.00 to C$47.00 in a research report on Thursday, August 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 upped their target price on IGM Financial from C$47.00 to C$50.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Scotiabank increased their price target on IGM Financial from C$53.00 to C$56.00 in a research note on Friday, November 8th. Finally, Jefferies Financial Group increased their price target on IGM Financial from C$39.00 to C$45.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$49.29.
View Our Latest Analysis on IGM Financial
IGM Financial Stock Up 0.7 %
The firm has a 50 day moving average of C$41.64 and a 200 day moving average of C$39.11. The firm has a market cap of C$10.86 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 4.09 and a beta of 1.53. The company has a quick ratio of 0.31, a current ratio of 2.12 and a debt-to-equity ratio of 35.99.
IGM Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.563 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.25 annualized dividend and a yield of 4.91%. IGM Financial's payout ratio is currently 63.38%.
About IGM Financial
(
Get Free Report)
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.
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