IGM Financial (TSE:IGM) Price Target Raised to C$51.00

IGM Financial (TSE:IGM) had its price target boosted by Scotiabank from C$49.00 to C$51.00 in a research note released on Friday,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the company. TD Securities lifted their target price on 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. BMO Capital Markets lowered their price target on IGM Financial from C$48.00 to C$47.00 in a research report on Thursday, April 17th. Finally, Jefferies Financial Group lowered their price target on IGM Financial from C$47.00 to C$42.00 in a research report on Monday, April 21st.

IGM Financial Trading Down 1.4%

TSE IGM opened at C$43.72 on Friday. The firm has a market cap of C$10.43 billion, a P/E ratio of 11.20, a P/E/G ratio of 4.09 and a beta of 1.53. The company has a debt-to-equity ratio of 97.24, a current ratio of 3.61 and a quick ratio of 0.31. The stock’s 50-day moving average is C$43.26 and its 200-day moving average is C$44.64. IGM Financial has a one year low of C$35.33 and a one year high of C$47.96.

About IGM Financial

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, Canada Life, and Putnam Investments. IGM has two main operating divisionsasset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management and Investment Planning Counsel subsidiaries)that provide investment management products and services.