BMO Capital Markets Lowers IGM Financial (TSE:IGM) Price Target to C$46.00

IGM Financial (TSE:IGM) had its price objective reduced by equities research analysts at BMO Capital Markets from C$47.00 to C$46.00 in a research note issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 4.31% from the company’s previous close.

Other analysts also recently issued reports about the company. TD Securities increased their price objective on IGM Financial from C$51.00 to C$56.00 and gave the company a “buy” rating in a report on Monday, February 10th. Scotiabank increased their price objective on shares of IGM Financial from C$49.00 to C$51.00 in a research report on Friday. Finally, Jefferies Financial Group decreased their price objective on shares of IGM Financial from C$47.00 to C$42.00 in a research note on Monday, April 21st.

IGM Financial Stock Performance

Shares of TSE:IGM traded up C$0.38 during trading on Monday, reaching C$44.10. 59,304 shares of the stock were exchanged, compared to its average volume of 328,147. IGM Financial has a 12 month low of C$35.33 and a 12 month high of C$47.96. The firm has a market cap of C$10.52 billion, a PE ratio of 11.30, a PEG ratio of 4.09 and a beta of 1.53. The stock has a 50-day moving average price of C$43.26 and a 200-day moving average price of C$44.64. The company has a current ratio of 3.61, a quick ratio of 0.31 and a debt-to-equity ratio of 97.24.

About IGM Financial

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, Canada Life, and Putnam Investments. IGM has two main operating divisionsasset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management and Investment Planning Counsel subsidiaries)that provide investment management products and services.