IGM Financial (OTCMKTS:IGIFF) had its target price upped by investment analysts at Barclays from $34.00 to $41.00 in a report issued on Tuesday, The Fly reports. The firm currently has an “underweight” rating on the stock. Barclays‘s target price indicates a potential upside of 11.96% from the company’s previous close.
IGIFF has been the subject of a number of other reports. Canaccord Genuity lifted their price target on IGM Financial from $39.50 to $44.00 and gave the stock a “buy” rating in a report on Friday, March 26th. BMO Capital Markets boosted their target price on IGM Financial from $38.00 to $41.00 and gave the company a “market perform” rating in a report on Friday, April 9th. Scotiabank boosted their target price on IGM Financial from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Tuesday, February 16th. National Bank Financial initiated coverage on IGM Financial in a report on Thursday, April 29th. They issued an “outperform” rating for the company. Finally, TD Securities raised IGM Financial from a “hold” rating to a “buy” rating in a report on Tuesday, February 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. IGM Financial has an average rating of “Hold” and a consensus target price of $40.43.
Shares of OTCMKTS IGIFF opened at $36.62 on Tuesday. The business has a 50-day moving average of $31.99 and a two-hundred day moving average of $28.14. IGM Financial has a 1 year low of $17.79 and a 1 year high of $36.65.
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.
Featured Story: Do closed-end mutual funds pay dividends?
Receive News & Ratings for IGM Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IGM Financial and related companies with MarketBeat.com's FREE daily email newsletter.