Scotiabank Boosts IGM Financial (TSE:IGM) Price Target to C$45.00

IGM Financial (TSE:IGM - Get Free Report) had its target price increased by Scotiabank from C$44.00 to C$45.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the financial services provider's stock. Scotiabank's price objective would indicate a potential upside of 30.78% from the company's current price.

IGM has been the subject of a number of other reports. TD Securities raised their price target on shares of IGM Financial from C$41.00 to C$42.00 in a report on Thursday, April 25th. Royal Bank of Canada raised their price target on shares of IGM Financial from C$43.00 to C$44.00 and gave the stock a "sector perform" rating in a report on Friday, February 16th. Finally, National Bankshares raised their price target on shares of IGM Financial from C$44.00 to C$46.00 and gave the stock an "outperform" rating in a report on Monday, February 5th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, IGM Financial currently has a consensus rating of "Moderate Buy" and an average price target of C$42.50.

IGM Financial Trading Up 0.1 %

TSE IGM traded up C$0.02 during mid-day trading on Tuesday, reaching C$34.41. 396,134 shares of the stock were exchanged, compared to its average volume of 246,986. IGM Financial has a one year low of C$30.34 and a one year high of C$42.02. The stock has a 50 day simple moving average of C$34.74 and a 200-day simple moving average of C$34.49. The stock has a market cap of C$8.19 billion, a P/E ratio of 8.90, a P/E/G ratio of 4.24 and a beta of 1.58. The company has a debt-to-equity ratio of 38.26, a current ratio of 1.94 and a quick ratio of 0.31.

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