IGM Financial (TSE:IGM) had its price objective decreased by TD Securities from C$52.00 to C$50.00 in a research note released on Monday morning.

Several other research firms have also recently commented on IGM. Barclays reduced their price target on IGM Financial from C$44.00 to C$43.00 in a report on Monday, November 6th. Royal Bank of Canada reduced their price target on IGM Financial from C$54.00 to C$50.00 and set an outperform rating for the company in a report on Monday. CIBC reduced their price target on IGM Financial from C$48.00 to C$45.00 in a report on Monday, November 6th. Scotiabank raised their price target on IGM Financial from C$47.00 to C$49.00 and gave the company a sector perform rating in a report on Monday, November 6th. Finally, Canaccord Genuity reduced their price target on IGM Financial from C$49.00 to C$46.00 in a report on Monday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of Buy and an average price target of C$47.13.

Shares of IGM Financial (IGM) opened at C$39.21 on Monday. The company has a market capitalization of $9,480.00, a P/E ratio of 15.68 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.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be issued a $0.563 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $2.25 annualized dividend and a dividend yield of 5.74%. IGM Financial’s dividend payout ratio is currently 90.00%.

In other news, Director Jean-Claude Bachand acquired 1,000 shares of IGM Financial stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average cost of C$44.35 per share, with a total value of C$44,350.00.

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IGM Financial Company Profile

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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