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

IGM Financial (TSE:IGM - Free Report) had its target price raised by TD Securities from C$51.00 to C$56.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the financial services provider's stock.

Other analysts have also recently issued reports about the company. Scotiabank increased their price target on IGM Financial from C$53.00 to C$56.00 in a research report on Friday, November 8th. 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. CIBC boosted their price target on shares of IGM Financial from C$47.00 to C$50.00 in a research report on Friday, November 8th. BMO Capital Markets increased their price objective on shares of IGM Financial from C$47.00 to C$48.00 in a report on Monday. Finally, Jefferies Financial Group boosted their target price on IGM Financial from C$39.00 to C$45.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$50.29.

IGM Financial Stock Down 0.3 %

IGM Financial stock traded down C$0.15 during midday trading on Monday, hitting C$44.45. The stock had a trading volume of 158,169 shares, compared to its average volume of 324,958. The company has a current ratio of 3.61, a quick ratio of 0.31 and a debt-to-equity ratio of 97.24. The business has a fifty day moving average price of C$45.78 and a 200 day moving average price of C$42.81. IGM Financial has a 12 month low of C$32.95 and a 12 month high of C$47.96. The stock has a market cap of C$10.60 billion, a P/E ratio of 11.39, 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.