Desjardins Trims IGM Financial (IGM) Target Price to C$48.00
IGM Financial (TSE:IGM) had its price target cut by Desjardins from C$50.00 to C$48.00 in a research report issued to clients and investors on Monday. Desjardins’ price target suggests a potential upside of 19.17% from the company’s current price.
A number of other equities research analysts have also recently issued reports on IGM. Royal Bank of Canada dropped their target price on shares of IGM Financial from C$54.00 to C$50.00 and set an “outperform” rating for the company in a research report on Monday. Scotiabank raised their price objective on shares of IGM Financial from C$47.00 to C$49.00 and gave the company a “sector perform” rating in a research report on Monday, November 6th. Barclays lowered their price objective on shares of IGM Financial from C$44.00 to C$43.00 in a research report on Monday, November 6th. CIBC lowered their price objective on shares of IGM Financial from C$48.00 to C$45.00 in a research report on Monday, November 6th. Finally, BMO Capital Markets restated an “outperform” rating and issued a C$48.00 price objective on shares of IGM Financial in a research report on Monday, November 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$47.13.
Shares of IGM Financial (TSE IGM) traded down C$0.17 during trading on Monday, hitting C$40.28. 257,973 shares of the company were exchanged, compared to its average volume of 252,278. The firm has a market cap of $9,730.00, a PE ratio of 12.36 and a beta of 0.93. IGM Financial has a 1-year low of C$38.56 and a 1-year high of C$45.82.
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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