IGM Financial Inc. (TSE:IGM) Director Nancy Mccuaig Sells 400 Shares

IGM Financial Inc. (TSE:IGM) Director Nancy Mccuaig sold 400 shares of IGM Financial stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of C$44.36, for a total value of C$17,744.00.

IGM Financial Stock Down 0.8 %

IGM Financial stock opened at C$44.57 on Wednesday. The firm has a 50 day moving average price of C$45.37 and a two-hundred day moving average price of C$43.22. The company has a debt-to-equity ratio of 97.24, a quick ratio of 0.31 and a current ratio of 3.61. IGM Financial Inc. has a 52-week low of C$32.95 and a 52-week high of C$47.96. The firm has a market cap of C$10.63 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 4.09 and a beta of 1.53.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IGM. BMO Capital Markets lifted their price objective on shares of IGM Financial from C$47.00 to C$48.00 in a research note on Monday, February 10th. 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 note on Friday, November 1st. National Bankshares increased their target price on 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. Scotiabank boosted their price target on IGM Financial from C$53.00 to C$56.00 in a report on Friday, November 8th. Finally, CIBC lifted their target price on shares of IGM Financial from C$47.00 to C$50.00 in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, IGM Financial has an average rating of “Moderate Buy” and an average price target of C$50.29.

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.