IGM Financial (TSE:IGM - Free Report) had its price objective decreased by Jefferies Financial Group from C$47.00 to C$42.00 in a research note published on Monday morning,BayStreet.CA reports.
Other equities research analysts also recently issued reports about the stock. 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. BMO Capital Markets cut their target price on shares of IGM Financial from C$48.00 to C$47.00 in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, IGM Financial has a consensus rating of "Moderate Buy" and a consensus target price of C$48.71.
View Our Latest Analysis on IGM
IGM Financial Price Performance
Shares of IGM stock traded down C$0.03 during mid-day trading on Monday, hitting C$42.93. 248,502 shares of the stock traded hands, compared to its average volume of 346,679. IGM Financial has a twelve month low of C$33.76 and a twelve month high of C$47.96. The company has a debt-to-equity ratio of 97.24, a quick ratio of 0.31 and a current ratio of 3.61. The company's 50-day simple moving average is C$43.55 and its 200-day simple moving average is C$44.49. The firm has a market cap of C$10.24 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53.
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.
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