Jefferies Financial Group Issues Pessimistic Forecast for IGM Financial (TSE:IGM) Stock Price

IGM Financial (TSE:IGM) had its price objective decreased by equities researchers at Jefferies Financial Group from C$47.00 to C$42.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target would suggest a potential downside of 0.07% from the company’s previous close.

A number of other equities research analysts also recently weighed in on IGM. BMO Capital Markets reduced their price target on shares of IGM Financial from C$48.00 to C$47.00 in a research note on Thursday, April 17th. TD Securities raised their target price on shares of IGM Financial from C$51.00 to C$56.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, IGM Financial has a consensus rating of “Moderate Buy” and an average target price of C$49.71.

IGM Financial Price Performance

Shares of IGM stock opened at C$42.03 on Monday. IGM Financial has a twelve month low of C$33.62 and a twelve month high of C$47.96. The company has a quick ratio of 0.31, a current ratio of 3.61 and a debt-to-equity ratio of 97.24. The business has a fifty day simple moving average of C$43.68 and a 200 day simple moving average of C$44.48. The company has a market cap of C$10.02 billion, a P/E ratio of 10.77, a P/E/G ratio of 4.09 and a beta of 1.53.

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.