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

IGM Financial (TSE:IGM) had its price target upped by research analysts at TD Securities from C$41.00 to C$42.00 in a research report issued on Thursday, BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 24.33% from the stock’s current price.

Several other brokerages have also issued reports on IGM. Scotiabank increased their target price on IGM Financial from C$40.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 31st. Royal Bank of Canada lifted their price objective on 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 boosted their price target on IGM Financial from C$44.00 to C$46.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$42.33.

IGM Financial Stock Performance

Shares of IGM traded down C$0.26 during mid-day trading on Thursday, hitting C$33.78. The stock had a trading volume of 87,524 shares, compared to its average volume of 246,047. 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 has a 52 week low of C$30.34 and a 52 week high of C$42.02. The firm has a market cap of C$8.04 billion, a P/E ratio of 8.71, a PEG ratio of 4.24 and a beta of 1.58. The business has a fifty day moving average price of C$34.82 and a 200-day moving average price of C$34.49.

IGM Financial (TSE:IGM) last posted its quarterly earnings data on Thursday, February 15th. The financial services provider reported C$0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.89 by C($0.05). The firm had revenue of C$768.80 million during the quarter, compared to analysts’ expectations of C$773.00 million. IGM Financial had a return on equity of 14.46% and a net margin of 31.03%. On average, equities research analysts expect that IGM Financial will post 3.711039 EPS for the current year.

IGM Financial Company Profile

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.