TD Securities Increases IGM Financial (TSE:IGM) Price Target to C$42.00

IGM Financial (TSE:IGM - Get Free Report) had its price target boosted by equities researchers at TD Securities from C$41.00 to C$42.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. TD Securities' target price suggests a potential upside of 24.52% from the company's current price.

Several other research analysts have also issued reports on the stock. National Bankshares increased their target price on shares of IGM Financial from C$44.00 to C$46.00 and gave the stock an "outperform" rating in a research note on Monday, February 5th. Royal Bank of Canada raised their target price on IGM Financial from C$43.00 to C$44.00 and gave the company a "sector perform" rating in a research note on Friday, February 16th. Finally, Scotiabank upped their price target on IGM Financial from C$40.00 to C$44.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$42.33.

IGM Financial Trading Down 0.9 %

IGM traded down C$0.31 during trading on Thursday, reaching C$33.73. 195,368 shares of the stock traded hands, compared to its average volume of 247,478. The company has a quick ratio of 0.31, a current ratio of 1.94 and a debt-to-equity ratio of 38.26. The stock's 50-day moving average is C$34.82 and its 200 day moving average is C$34.49. IGM Financial has a 12 month low of C$30.34 and a 12 month high of C$42.02. The stock has a market capitalization of C$8.03 billion, a PE ratio of 8.69, a P/E/G ratio of 4.24 and a beta of 1.58.

IGM Financial (TSE:IGM - Get Free Report) last announced its earnings results on Thursday, February 15th. The financial services provider reported C$0.84 EPS for the quarter, missing the consensus estimate of C$0.89 by C($0.05). The business had revenue of C$768.80 million for the quarter, compared to the consensus estimate of C$773.00 million. IGM Financial had a net margin of 31.03% and a return on equity of 14.46%. Equities analysts anticipate that IGM Financial will post 3.711039 earnings per share for the current year.

About IGM Financial

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.