IGM Financial Inc. (TSE:IGM) received a C$41.00 price target from equities researchers at Desjardins in a report issued on Monday. The brokerage presently has a “hold” rating on the stock. Desjardins’ price objective indicates a potential upside of 1.23% from the stock’s previous close.
A number of other research firms have also weighed in on IGM. RBC Capital Markets raised their price objective on shares of IGM Financial from C$41.00 to C$42.00 in a research note on Monday. TD Securities lifted their price target on shares of IGM Financial from C$39.00 to C$41.00 in a research note on Friday, January 6th. Canaccord Genuity lifted their price target on shares of IGM Financial from C$39.00 to C$39.50 and gave the stock a “hold” rating in a research note on Friday, January 6th. Barclays PLC lifted their price target on shares of IGM Financial from C$37.00 to C$39.00 and gave the stock an “underweight” rating in a research note on Thursday, January 19th. Finally, Scotiabank reiterated a “sector perform” rating and issued a C$39.00 price target on shares of IGM Financial in a research note on Friday, November 4th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. IGM Financial has an average rating of “Hold” and a consensus price target of C$40.42.
IGM Financial (TSE:IGM) traded up 1.73% during trading on Monday, reaching $41.20. 309,142 shares of the company traded hands. The firm has a price-to-earnings ratio of 12.92. The firm’s 50 day moving average price is $39.86 and its 200 day moving average price is $37.52. IGM Financial has a 12-month low of $31.88 and a 12-month high of $41.27.
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About IGM Financial
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