IGM Financial Inc. (TSE:IGM) Receives Consensus Rating of “Moderate Buy” from Analysts

IGM Financial Inc. (TSE:IGM) has earned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$50.29.

Several equities analysts have weighed in on the stock. Jefferies Financial Group boosted their target price on shares of IGM Financial from C$39.00 to C$45.00 and gave the company a “hold” rating in a report on Friday, November 1st. National Bankshares boosted their target price on shares of IGM Financial from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their target price on IGM Financial from C$47.00 to C$48.00 in a research report on Monday. TD Securities lifted their target price on IGM Financial from C$51.00 to C$56.00 and gave the company a “buy” rating in a research report on Monday. Finally, Scotiabank lifted their target price on IGM Financial from C$53.00 to C$56.00 in a research report on Friday, November 8th.

IGM Financial Stock Down 0.8 %

IGM stock opened at C$44.28 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 0.31 and a debt-to-equity ratio of 35.99. The firm has a 50-day moving average of C$45.83 and a two-hundred day moving average of C$42.77. The company has a market cap of C$10.48 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 4.09 and a beta of 1.53. IGM Financial has a 12 month low of C$32.95 and a 12 month high of C$47.96.

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.