IGM Financial (TSE:IGM – Get Free Report) had its price target increased by stock analysts at CIBC from C$42.00 to C$45.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the financial services provider’s stock. CIBC’s price objective indicates a potential upside of 18.55% from the company’s current price.
Other research analysts have also issued reports about the stock. Scotiabank upped their price objective on shares of IGM Financial from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. Royal Bank of Canada upped their price objective on shares of IGM Financial from C$44.00 to C$45.00 in a report on Friday. TD Securities upped their price objective on shares of IGM Financial from C$41.00 to C$42.00 in a report on Thursday, April 25th. Finally, National Bankshares increased their price target on shares of IGM Financial from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$43.17.
Read Our Latest Report on IGM Financial
IGM Financial Trading Up 6.2 %
IGM Financial (TSE:IGM – Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported C$0.84 earnings per share for the quarter, missing the consensus estimate of C$0.89 by C($0.05). The firm had revenue of C$768.80 million for the quarter, compared to analysts’ expectations of C$773.00 million. IGM Financial had a net margin of 31.03% and a return on equity of 14.46%. On average, research analysts anticipate 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.
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