IGM Financial (TSE:IGM) Given a C$46.00 Price Target at Royal Bank Of Canada

IGM Financial (TSE:IGM - Get Free Report) received a C$46.00 price objective from equities research analysts at Royal Bank Of Canada in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the financial services provider's stock. Royal Bank Of Canada's target price would indicate a potential upside of 6.28% from the stock's previous close.

IGM has been the subject of a number of other reports. Scotiabank upped their target price on shares of IGM Financial from C$49.00 to C$51.00 in a research note on Friday, May 9th. Jefferies Financial Group reduced their price target on IGM Financial from C$47.00 to C$42.00 in a research report on Monday, April 21st. Finally, BMO Capital Markets dropped their price objective on IGM Financial from C$47.00 to C$46.00 in a research note on Monday, May 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, IGM Financial has a consensus rating of "Hold" and an average price target of C$48.71.

IGM Financial Trading Up 0.0%

IGM stock traded up C$0.01 during midday trading on Wednesday, reaching C$43.28. The stock had a trading volume of 78,868 shares, compared to its average volume of 316,840. IGM Financial has a twelve month low of C$35.33 and a twelve month high of C$47.96. The company has a quick ratio of 0.31, a current ratio of 3.61 and a debt-to-equity ratio of 97.24. The firm has a market cap of C$10.32 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 4.09 and a beta of 1.53. The business has a fifty day simple moving average of C$43.47 and a two-hundred day simple moving average of C$44.52.

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.

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