IGM Financial (TSE:IGM) Given New C$56.00 Price Target at TD Securities

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

A number of other research firms have also commented on IGM. National Bankshares lifted their price target on shares of IGM Financial from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets boosted their target price on shares of IGM Financial from C$47.00 to C$48.00 in a research report on Monday. Scotiabank boosted their target price on shares of IGM Financial from C$53.00 to C$56.00 in a research report on Friday, November 8th. Jefferies Financial Group boosted their target price on shares of IGM Financial from C$39.00 to C$45.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, CIBC boosted their target price on shares of IGM Financial from C$47.00 to C$50.00 in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, IGM Financial has an average rating of “Moderate Buy” and a consensus target price of C$50.29.

IGM Financial Trading Up 0.5 %

TSE:IGM opened at C$44.63 on Monday. IGM Financial has a 12 month low of C$32.95 and a 12 month high of C$47.96. The firm has a market cap of C$10.56 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 4.09 and a beta of 1.53. 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 company’s 50 day moving average is C$45.89 and its 200-day moving average is C$42.73.

About IGM Financial

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.