TD Securities Forecasts Strong Price Appreciation for IGM Financial (TSE:IGM) Stock

IGM Financial (TSE:IGM - Get Free Report) had its price target increased by research analysts at TD Securities from C$46.00 to C$50.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. TD Securities' price target points to a potential upside of 14.26% from the stock's previous close.

Several other equities analysts have also recently issued reports on IGM. Royal Bank of Canada boosted their price target on shares of IGM Financial from C$46.00 to C$47.00 in a research report on Thursday, August 8th. CIBC upped their price objective on shares of IGM Financial from C$47.00 to C$50.00 in a report on Friday. Jefferies Financial Group upped 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 report on Friday, November 1st. National Bankshares upped 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 report on Wednesday, October 30th. Finally, BMO Capital Markets cut their price objective on shares of IGM Financial from C$40.00 to C$39.00 in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, IGM Financial currently has an average rating of "Moderate Buy" and a consensus price target of C$49.29.

IGM Financial Trading Down 1.4 %

Shares of TSE:IGM traded down C$0.62 during midday trading on Monday, hitting C$43.76. 110,857 shares of the stock traded hands, compared to its average volume of 241,691. IGM Financial has a one year low of C$31.92 and a one year high of C$44.85. The company has a quick ratio of 0.31, a current ratio of 2.12 and a debt-to-equity ratio of 35.99. The business's 50 day moving average is C$40.92 and its two-hundred day moving average is C$38.64. The stock has a market capitalization of C$10.36 billion, a PE ratio of 12.30, a P/E/G ratio of 4.09 and a beta of 1.53.

IGM Financial Company Profile

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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