The CIBC Reaffirms “Neutral” Rating for IGM Financial Inc. (IGM)

The CIBC Reaffirms “Neutral” Rating for IGM Financial Inc. (IGM)

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada raised their target price on shares of IGM Financial from C$41.00 to C$42.00 in a research note on Monday, February 13th. Scotiabank lifted their price objective on shares of IGM Financial from C$39.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Monday, February 13th. Desjardins set a C$41.00 price objective on shares of IGM Financial and gave the stock a “hold” rating in a research report on Monday, February 13th. Barclays PLC lifted their price objective on shares of IGM Financial from C$37.00 to C$39.00 and gave the stock an “underweight” rating in a research report on Thursday, January 19th. Finally, TD Securities lifted their price objective on shares of IGM Financial from C$42.00 to C$44.00 and gave the stock a “hold” rating in a research report on Monday, February 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. IGM Financial has an average rating of “Hold” and an average price target of C$41.00.

IGM Financial Inc. (TSE:IGM)‘s stock had its “neutral” rating reissued by stock analysts at CIBC in a research note issued to investors on Monday, May 15th, StockTargetPrices.com reports. They currently have a C$44.00 target price on the financial services provider’s stock. CIBC’s target price indicates a potential upside of 9.97% from the stock’s previous close.

Shares of IGM Financial (IGM) opened at 40.01 on Monday. The stock has a market cap of $9.63 billion and a P/E ratio of 12.34. The company’s 50-day moving average is $40.03 and its 200 day moving average is $39.81. IGM Financial has a 1-year low of $34.58 and a 1-year high of $42.25.

IGM Financial Company Profile

IGM Financial Inc is a Canada-based financial services company. The Company’s principal businesses are Investors Group Inc and Mackenzie Financial Corporation, which operate within the advice segment of the financial services market. It operates in three segments: Investors Group, Mackenzie Investments, and Corporate and Other.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:IGM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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