Shares of IGM Financial Inc. (TSE:IGM - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$44.77 and traded as high as C$45.00. IGM Financial shares last traded at C$44.77, with a volume of 149,739 shares trading hands.
Analyst Upgrades and Downgrades
IGM has been the subject of several analyst 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 decreased their price objective on shares of IGM Financial from C$47.00 to C$42.00 in a research report on Monday, April 21st. BMO Capital Markets reduced their price target on IGM Financial from C$47.00 to C$46.00 in a report on Monday, May 12th. Finally, TD Securities upped their price target on shares of IGM Financial from C$51.00 to C$56.00 and gave the company a "buy" rating in a report on Monday, February 10th.
Get Our Latest Report on IGM
IGM Financial Stock Down 0.6%
The firm has a market capitalization of C$10.59 billion, a P/E ratio of 11.38, a PEG ratio of 4.09 and a beta of 1.53. The firm's fifty day moving average price is C$43.27 and its 200-day moving average price is C$44.77. The company has a debt-to-equity ratio of 97.24, a current ratio of 3.61 and a quick ratio of 0.31.
IGM Financial Company Profile
(
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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.
Further Reading
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