IGM Financial (IGM) Price Target Cut to C$43.00 by Analysts at CIBC
IGM Financial (TSE:IGM) had its price objective reduced by CIBC from C$45.00 to C$43.00 in a research note issued to investors on Monday. CIBC’s target price would indicate a potential upside of 9.19% from the company’s previous close.
Several other brokerages have also recently issued reports on IGM. Barclays cut their target price on shares of IGM Financial from C$44.00 to C$43.00 in a report on Monday, November 6th. Scotiabank raised their target price on shares of IGM Financial from C$47.00 to C$49.00 and gave the stock a “sector perform” rating in a report on Monday, November 6th. BMO Capital Markets restated an “outperform” rating and issued a C$48.00 target price on shares of IGM Financial in a report on Monday, November 6th. TD Securities upgraded shares of IGM Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from C$48.00 to C$52.00 in a report on Monday, November 6th. Finally, Desjardins raised their target price on shares of IGM Financial from C$48.00 to C$50.00 in a report on Tuesday, October 31st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. IGM Financial currently has an average rating of “Buy” and an average price target of C$47.13.
IGM Financial (TSE:IGM) opened at C$39.38 on Monday. IGM Financial has a 52-week low of C$38.56 and a 52-week high of C$45.82. The company has a market cap of $9,480.00, a P/E ratio of 15.75 and a beta of 0.93.
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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.
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