IGM Financial (IGM) Reaches New 1-Year High at $39.35

Shares of IGM Financial (TSE:IGM) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$39.35 and last traded at C$39.17, with a volume of 55229 shares changing hands. The stock had previously closed at C$39.07.

Several analysts have issued reports on IGM shares. TD Securities cut their price target on IGM Financial from C$52.00 to C$50.00 in a report on Monday, February 12th. Barclays cut their price target on IGM Financial from C$43.00 to C$42.00 in a report on Monday, February 12th. Canaccord Genuity cut their price target on IGM Financial from C$49.00 to C$46.00 in a report on Monday, February 12th. CIBC cut their price target on IGM Financial from C$45.00 to C$43.00 in a report on Monday, February 12th. Finally, Desjardins cut their price target on IGM Financial from C$50.00 to C$48.00 in a report on Monday, February 12th. Five research analysts have rated the stock with a buy rating, IGM Financial presently has an average rating of “Buy” and an average target price of C$47.00.

About IGM Financial

IGM Financial Inc manages and distributes investment funds and other managed asset products in Canada. The company operates through Investors Group, Mackenzie Investments, and Corporate and Other segments. The company also offers financial planning services, including investment, tax, retirement, education, risk management, and estate planning; strategic investment planning programs; mutual funds; managed asset and multi-manager investment programs; iProfile, a portfolio management program; and separately managed accounts and fee-based brokerage accounts.

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