IGM Financial Inc. (TSE:IGM - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$41.15 and traded as high as C$46.21. IGM Financial shares last traded at C$45.91, with a volume of 194,031 shares changing hands.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. National Bankshares upped their price objective on shares of IGM Financial from C$47.00 to C$50.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Jefferies Financial Group boosted their price objective 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. CIBC boosted their price objective on IGM Financial from C$47.00 to C$50.00 in a research report on Friday, November 8th. BMO Capital Markets raised their target price on IGM Financial from C$43.00 to C$47.00 in a report on Monday, November 11th. Finally, TD Securities upped their price target on IGM Financial from C$46.00 to C$50.00 in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$49.29.
Read Our Latest Analysis on IGM Financial
IGM Financial Price Performance
The company's 50 day simple moving average is C$45.55 and its two-hundred day simple moving average is C$41.27. The stock has a market capitalization of C$10.86 billion, a P/E ratio of 12.93, a PEG ratio of 4.09 and a beta of 1.53. The company has a debt-to-equity ratio of 35.99, a current ratio of 2.12 and a quick ratio of 0.31.
IGM Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.563 dividend. This represents a $2.25 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend is Tuesday, December 31st. IGM Financial's payout ratio is 63.38%.
IGM Financial Company Profile
(
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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