IGM Financial (IGM) Stock Forecast & Price Target

C$33.39

+0.03 (+0.09%)

(As of 11/28/2023 ET)

Compare

Today's Range: C$33.11
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C$33.59
50-Day Range: C$30.69
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C$37.75
52-Week Range: C$30.34
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C$43.97

Volume: 113,929 shs
Average Volume: 225,555 shs
Market Capitalization: C$7.95 billion

P/E Ratio: 8.31
Dividend Yield: 6.74%
Price Target: C$40.63

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

IGM Financial Consensus Analyst Rating and Stock Price Forecast (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings

Analysts' Consensus Price Target

C$40.63
21.67% Upside

High Forecast	C$46.00
Average Forecast	C$40.63
Low Forecast	C$36.00

Type	Current Forecast 11/29/22 to 11/29/23	1 Month Ago 10/30/22 to 10/30/23	3 Months Ago 8/31/22 to 8/31/23	1 Year Ago 11/29/21 to 11/29/22
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	C$40.63	C$41.63	C$45.63	C$46.57
Predicted Upside	21.67% Upside	22.97% Upside	14.89% Upside	16.85% Upside

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IGM Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

IGM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

IGM Financial Stock vs. The Competition

Type	IGM Financial	Financial Services Companies
Consensus Rating Score	2.50	2.44
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Very Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/3/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$38.00 ➝ C$37.00	+8.54%
11/3/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$35.00 ➝ C$36.00	+5.60%
10/30/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform	C$45.00 ➝ C$40.00	+28.45%
10/26/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$50.00 ➝ C$42.00	+37.21%
10/24/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform	C$49.00 ➝ C$42.00	+33.76%
10/24/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$47.00 ➝ C$44.00	+40.13%
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2/13/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$43.00 ➝ C$46.00	+9.21%
1/23/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$36.00 ➝ C$38.00	-7.54%

(Data available from 11/29/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

IGM Price Target - Frequently Asked Questions

What is IGM Financial's consensus rating and price target?: According to the issued ratings of 6 analysts in the last year, the consensus rating for IGM Financial stock is Moderate Buy based on the current 3 hold ratings and 3 buy ratings for IGM. The average twelve-month price prediction for IGM Financial is C$40.63 with a high price target of C$46.00 and a low price target of C$36.00. Learn more on IGM's analyst rating history.
Do Wall Street analysts like IGM Financial more than its competitors?: Analysts like IGM Financial more than other Financial Services companies. The consensus rating for IGM Financial is Moderate Buy while the average consensus rating for financial services companies is Hold. Learn more on how IGM compares to other companies.
Does IGM Financial's stock price have much upside?: According to analysts, IGM Financial's stock has a predicted upside of 20.29% based on their 12-month stock forecasts.

What analysts cover IGM Financial?: IGM Financial has been rated by BMO Capital Markets, CIBC, National Bankshares, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.

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This page (TSE:IGM) was last updated on 11/29/2023 by MarketBeat.com Staff

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