IGM Financial Inc. (IGM) Price Target Raised to C$50.00 at Desjardins

IGM Financial Inc. (TSE:IGM) had its price target boosted by analysts at Desjardins from C$48.00 to C$50.00 in a research note issued to investors on Tuesday. Desjardins’ price objective indicates a potential upside of 11.58% from the company’s current price.

Other analysts have also issued reports about the company. Barclays PLC lifted their target price on IGM Financial from C$41.00 to C$44.00 in a research report on Monday. BMO Capital Markets reaffirmed a “market perform” rating and set a C$45.00 target price on shares of IGM Financial in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$43.94.

IGM Financial (IGM) traded up 1.58% on Tuesday, hitting $45.52. The stock had a trading volume of 68,895 shares. The stock has a market cap of $10.95 billion and a P/E ratio of 13.54. The company’s 50-day moving average is $43.04 and its 200-day moving average is $41.23. IGM Financial has a one year low of $35.16 and a one year high of $45.82.

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IGM Financial Company Profile

IGM Financial Inc is a Canada-based financial services company. The Company’s principal businesses are Investors Group Inc and Mackenzie Financial Corporation, which operate within the advice segment of the financial services market. It operates in three segments: Investors Group, Mackenzie Investments, and Corporate and Other.

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