IGM Financial Inc. (TSE:IGM) had its target price hoisted by stock analysts at Scotiabank from C$47.00 to C$49.00 in a note issued to investors on Monday. The brokerage currently has a “sector perform” rating on the financial services provider’s stock. Scotiabank’s target price would indicate a potential upside of 9.67% from the stock’s previous close.

IGM has been the subject of several other research reports. BMO Capital Markets restated an “outperform” rating and issued a C$47.00 price target on shares of IGM Financial in a report on Monday, September 18th. Desjardins boosted their price target on shares of IGM Financial from C$48.00 to C$50.00 in a report on Tuesday, October 31st. TD Securities upgraded shares of IGM Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from C$48.00 to C$52.00 in a report on Monday. Finally, Barclays PLC boosted their price target on shares of IGM Financial from C$39.10 to C$41.00 in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. IGM Financial presently has a consensus rating of “Hold” and a consensus price target of C$46.06.

Shares of IGM Financial (TSE:IGM) opened at C$44.68 on Monday. IGM Financial has a 52-week low of C$35.77 and a 52-week high of C$45.82.

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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.

Analyst Recommendations for IGM Financial (TSE:IGM)

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