IGM Financial (TSE:IGM – Get Rating) had its price objective upped by stock analysts at Royal Bank of Canada from C$46.00 to C$50.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price points to a potential upside of 25.31% from the company’s current price.
Several other equities analysts also recently commented on IGM. BMO Capital Markets boosted their target price on shares of IGM Financial from C$44.00 to C$45.00 in a report on Friday, February 10th. Barclays boosted their target price on shares of IGM Financial from C$36.00 to C$38.00 in a report on Monday, January 23rd. CIBC boosted their target price on shares of IGM Financial from C$44.00 to C$50.00 in a report on Tuesday, January 24th. Scotiabank boosted their target price on shares of IGM Financial from C$47.00 to C$49.00 in a report on Tuesday. Finally, TD Securities raised shares of IGM Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$44.00 to C$48.00 in a report on Wednesday.
IGM Financial Stock Performance
IGM opened at C$39.90 on Wednesday. The firm has a market cap of C$9.49 billion, a P/E ratio of 10.99, a PEG ratio of 14.05 and a beta of 1.56. IGM Financial has a 1-year low of C$33.45 and a 1-year high of C$44.20. The company has a 50 day simple moving average of C$41.51 and a two-hundred day simple moving average of C$39.11. The company has a debt-to-equity ratio of 36.63, a current ratio of 1.84 and a quick ratio of 0.31.
IGM Financial Company Profile
IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management, Asset Management, and Strategic Investments and Other segments. The company offers financial advisory services; IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program; IG Wealth Management Advisor Portal, a customer relationship management platform; and IG Wealth Management's dealer platform, which provides increased automation and supports both MFDA and IIROC licensed advisors, as well as new products on its investment dealer platform.
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