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IGM Financial (TSE:IGM) Price Target Raised to C$50.00

IGM Financial logo with Financial Services background

IGM Financial (TSE:IGM - Get Free Report) had its price objective lifted by equities researchers at National Bankshares from C$47.00 to C$50.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. National Bankshares' price target indicates a potential upside of 16.69% from the stock's previous close.

A number of other research analysts have also commented on the stock. Royal Bank of Canada lifted their price objective on shares of IGM Financial from C$46.00 to C$47.00 in a research note on Thursday, August 8th. Scotiabank upped their price target on IGM Financial from C$45.00 to C$46.00 in a research note on Wednesday, July 24th. BMO Capital Markets lowered their price objective on shares of IGM Financial from C$40.00 to C$39.00 in a research report on Friday, August 9th. Finally, Jefferies Financial Group raised their target price on shares of IGM Financial from C$38.00 to C$39.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$44.14.

View Our Latest Report on IGM Financial

IGM Financial Trading Up 1.0 %

Shares of IGM traded up C$0.41 during trading on Wednesday, reaching C$42.85. 226,845 shares of the company traded hands, compared to its average volume of 240,426. The stock has a 50-day simple moving average of C$40.33 and a 200-day simple moving average of C$38.18. 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 has a twelve month low of C$30.92 and a twelve month high of C$43.07. The stock has a market cap of C$10.14 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53.

IGM Financial (TSE:IGM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported C$0.93 EPS for the quarter, missing the consensus estimate of C$0.95 by C($0.02). IGM Financial had a return on equity of 12.80% and a net margin of 29.47%. The business had revenue of C$816.31 million during the quarter, compared to analyst estimates of C$826.00 million. On average, analysts anticipate that IGM Financial will post 4.006816 earnings per share for the current year.

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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