IGM Financial - IGM Stock Forecast, Price & News

IGM Financial Inc. operates as a wealth and asset management company in Canada. It operates through Wealth Management, Asset Management, and Strategic Investments and Other segments. The company offers financial advisory services; IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program; IG Wealth Management Advisor Portal, a customer relationship management platform; and IG Wealth Management's dealer platform, which provides increased automation and supports both MFDA and IIROC licensed advisors, as well as new products on its investment dealer platform. It also provides mutual funds; portfolios; IG Advisory Account, a fee-based account that enhances client experience by offering the ability to simplify and consolidate selected investments into a single account; iProfile Private portfolios, a portfolio management program for households with investments; iProfile Portfolios, a suite of four managed solutions; segregated funds; separately managed and fee-based brokerage accounts; insurance products; and securities services. In addition, the company offers management and related services; global private equity, private credit, and infrastructure investment solutions; and exchange traded funds. The company was incorporated in 1978 and is headquartered in Winnipeg, Canada. IGM Financial Inc. is a subsidiary of Power Financial Corporation.

IGM Financial Trading Up 1.4 %

IGM Stock traded up C$0.53 during trading on Friday, hitting C$38.38. 166,357 shares of the company traded hands, compared to its average volume of 399,240. The firm has a market capitalization of C$9.12 billion and a PE ratio of 9.14. IGM Financial has a 1 year low of C$33.80 and a 1 year high of C$51.68. The company has a 50-day moving average of C$36.06 and a 200-day moving average of C$40.32. The company has a debt-to-equity ratio of 35.72, a quick ratio of 0.41 and a current ratio of 2.25.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IGM shares. Barclays lifted their target price on IGM Financial from C$38.00 to C$39.00 in a research report on Monday. Scotiabank cut their price objective on IGM Financial from C$47.00 to C$42.00 in a research report on Tuesday, July 26th. National Bankshares cut their price objective on IGM Financial from C$49.00 to C$48.00 and set an "outperform" rating on the stock in a research report on Friday, August 5th. Royal Bank of Canada cut their price objective on IGM Financial from C$53.00 to C$47.00 and set a "sector perform" rating on the stock in a research report on Monday, May 9th. Finally, TD Securities cut their price objective on IGM Financial from C$48.00 to C$44.00 and set a "buy" rating on the stock in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$51.10.