IGM Financial Inc. (IGM) Given “Outperform” Rating at BMO Capital Markets
BMO Capital Markets reaffirmed their outperform rating on shares of IGM Financial Inc. (TSE:IGM) in a research report report published on Monday morning. The brokerage currently has a C$47.00 target price on the financial services provider’s stock.
Separately, Barclays PLC lifted their price target on shares of IGM Financial from C$39.10 to C$41.00 in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. IGM Financial currently has a consensus rating of Hold and an average price target of C$42.44.
IGM Financial (TSE:IGM) opened at 42.58 on Monday. The stock has a 50 day moving average price of $41.34 and a 200 day moving average price of $40.59. The company has a market cap of $10.24 billion and a price-to-earnings ratio of 12.67. IGM Financial has a 12 month low of $34.83 and a 12 month high of $42.93.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be paid a dividend of $0.563 per share. This represents a $2.25 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from IGM Financial’s previous quarterly dividend of $0.47.
About IGM Financial
IGM Financial Inc is a Canada-based financial services company. The Company’s principal businesses are Investors Group Inc and Mackenzie Financial Corporation, which operate within the advice segment of the financial services market. It operates in three segments: Investors Group, Mackenzie Investments, and Corporate and Other.
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