IGM Financial (TSE:IGM) had its target price raised by equities researchers at Canaccord Genuity from C$35.00 to C$36.00 in a research note issued to investors on Monday. Canaccord Genuity’s price target indicates a potential upside of 4.90% from the company’s previous close.
IGM has been the subject of a number of other research reports. Barclays lowered their target price on IGM Financial from C$40.00 to C$34.00 in a report on Friday, October 26th. BMO Capital Markets lowered their target price on IGM Financial from C$44.00 to C$38.00 in a report on Monday, October 29th. CIBC increased their target price on IGM Financial from C$45.00 to C$48.00 in a report on Saturday, July 14th. Finally, TD Securities lowered their target price on IGM Financial from C$48.00 to C$46.00 in a report on Friday, August 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$42.38.
IGM stock traded up C$0.53 during trading hours on Monday, reaching C$34.32. 158,335 shares of the stock were exchanged, compared to its average volume of 252,264. IGM Financial has a 12 month low of C$31.54 and a 12 month high of C$45.69.
IGM Financial (TSE:IGM) last released its earnings results on Thursday, August 2nd. The financial services provider reported C$0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.79 by C$0.05. The firm had revenue of C$815.96 million for the quarter.
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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