IGM Financial Inc. (TSE:IGM) Given Average Rating of “Moderate Buy” by Brokerages

IGM Financial Inc. (TSE:IGM) has earned an average recommendation of “Moderate Buy” from the five research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$50.29.

A number of equities analysts have recently weighed in on IGM shares. National Bankshares upped their price target on shares of IGM Financial from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. CIBC upped their price target on shares of IGM Financial from C$47.00 to C$50.00 in a research note on Friday, November 8th. Scotiabank upped their price target on shares of IGM Financial from C$53.00 to C$56.00 in a research note on Friday, November 8th. BMO Capital Markets upped their price target on shares of IGM Financial from C$47.00 to C$48.00 in a research note on Monday, February 10th. Finally, Jefferies Financial Group boosted 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 research report on Friday, November 1st.

IGM Financial Stock Performance

TSE:IGM opened at C$44.95 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 3.61 and a debt-to-equity ratio of 97.24. IGM Financial has a fifty-two week low of C$32.95 and a fifty-two week high of C$47.96. The stock has a market cap of C$10.72 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53. The firm’s fifty day simple moving average is C$45.67 and its 200-day simple moving average is C$42.89.

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.