IGM Financial Inc. (TSE:IGM) Given Consensus Rating of “Hold” by Brokerages
Shares of IGM Financial Inc. (TSE:IGM) have earned an average recommendation of “Hold” from the eleven analysts that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$38.64.
IGM has been the subject of a number of recent analyst reports. Canaccord Genuity lowered their price target on shares of IGM Financial from C$37.00 to C$35.50 and set a “hold” rating for the company in a report on Tuesday, July 12th. TD Securities reaffirmed a “hold” rating and set a C$39.00 price target on shares of IGM Financial in a report on Friday, August 5th. GMP Securities lowered shares of IGM Financial from a “buy” rating to a “hold” rating and lowered their price target for the company from C$42.25 to C$39.50 in a report on Friday, August 5th. BMO Capital Markets raised their price target on shares of IGM Financial from C$37.00 to C$39.00 and gave the company a “market perform” rating in a report on Friday, August 5th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$39.00 price target on shares of IGM Financial in a report on Friday, August 5th.
IGM Financial (TSE:IGM) opened at 36.17 on Friday. IGM Financial has a 1-year low of $31.47 and a 1-year high of $40.00. The firm has a 50-day moving average of $36.61 and a 200-day moving average of $37.08. The firm has a market capitalization of $8.70 billion and a price-to-earnings ratio of 12.39.
About IGM Financial
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