BMO Capital Markets Cuts IGM Financial (TSE:IGM) Price Target to C$47.00

IGM Financial (TSE:IGMFree Report) had its price target decreased by BMO Capital Markets from C$48.00 to C$47.00 in a report issued on Thursday,BayStreet.CA reports.

Separately, TD Securities raised their price objective on shares of IGM Financial from C$51.00 to C$56.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$50.14.

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IGM Financial Trading Down 1.1 %

IGM opened at C$42.07 on Thursday. The company has a debt-to-equity ratio of 97.24, a quick ratio of 0.31 and a current ratio of 3.61. IGM Financial has a one year low of C$33.26 and a one year high of C$47.96. The company has a market cap of C$10.03 billion, a P/E ratio of 10.78, a PEG ratio of 4.09 and a beta of 1.53. The business’s 50-day simple moving average is C$43.83 and its 200-day simple moving average is C$44.44.

IGM Financial Company Profile

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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.

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