IGM Financial (TSE:IGM – Get Free Report) had its price objective raised by equities research analysts at TD Securities from C$42.00 to C$43.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the financial services provider’s stock. TD Securities’ target price would suggest a potential upside of 13.55% from the stock’s current price.
Several other equities analysts have also recently issued reports on the company. BMO Capital Markets boosted their target price on IGM Financial from C$39.00 to C$40.00 in a research note on Monday. CIBC boosted their price target on IGM Financial from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday. National Bankshares increased their price objective on shares of IGM Financial from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Royal Bank of Canada lifted their price target on shares of IGM Financial from C$44.00 to C$45.00 in a report on Friday. Finally, Scotiabank boosted their price target on shares of IGM Financial from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, IGM Financial has a consensus rating of “Moderate Buy” and a consensus target price of C$44.00.
View Our Latest Research Report on IGM
IGM Financial Stock Performance
IGM Financial (TSE:IGM – Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The financial services provider reported C$0.84 EPS for the quarter, missing the consensus estimate of C$0.89 by C($0.05). The business had revenue of C$768.80 million for the quarter, compared to analysts’ expectations of C$773.00 million. IGM Financial had a return on equity of 14.46% and a net margin of 31.03%. Analysts predict that IGM Financial will post 3.711039 EPS for the current year.
IGM Financial Company Profile
IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.
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