IGM Financial (TSE:IGM – Get Free Report) had its price objective upped by equities researchers at TD Securities from C$42.00 to C$43.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. TD Securities’ target price indicates a potential upside of 13.46% from the stock’s previous close.
Several other research analysts have also weighed in on IGM. Royal Bank of Canada upped their target price on IGM Financial from C$44.00 to C$45.00 in a research report on Friday, May 3rd. BMO Capital Markets increased their price objective on IGM Financial from C$39.00 to C$40.00 in a report on Monday. Scotiabank lifted their target price on shares of IGM Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. CIBC raised their price target on shares of IGM Financial from C$42.00 to C$45.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Finally, National Bankshares increased their target price on shares of IGM Financial from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$44.00.
IGM Financial Stock Performance
IGM Financial (TSE:IGM – Get Free Report) last issued its earnings results 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). IGM Financial had a net margin of 31.03% and a return on equity of 14.46%. The company had revenue of C$768.80 million for the quarter, compared to analyst estimates of C$773.00 million. Research analysts expect that IGM Financial will post 3.711039 EPS for the current fiscal year.
About IGM Financial
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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