Shares of IGM Financial Inc. (TSE:IGM - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$44.02 and traded as high as C$44.80. IGM Financial shares last traded at C$44.52, with a volume of 903,985 shares traded.
Wall Street Analyst Weigh In
Several brokerages have weighed in on IGM. BMO Capital Markets increased their target price on shares of IGM Financial from C$47.00 to C$48.00 in a research note on Monday, February 10th. TD Securities boosted their price target on shares of IGM Financial from C$51.00 to C$56.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$50.29.
View Our Latest Analysis on IGM
IGM Financial Stock Performance
The company has a debt-to-equity ratio of 97.24, a quick ratio of 0.31 and a current ratio of 3.61. The stock's 50-day simple moving average is C$44.85 and its 200 day simple moving average is C$44.06. The company has a market capitalization of C$10.86 billion, a PE ratio of 11.66, a P/E/G ratio of 4.09 and a beta of 1.53.
About IGM Financial
(
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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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