IGM Financial (TSE:IGM) Price Target Lowered to C$46.00 at BMO Capital Markets

IGM Financial (TSE:IGM) had its target price lowered by BMO Capital Markets from C$47.00 to C$46.00 in a report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 4.38% from the stock’s previous close.

Several other equities research analysts have also issued reports on IGM. Jefferies Financial Group lowered their target price on shares of IGM Financial from C$47.00 to C$42.00 in a research note on Monday, April 21st. Scotiabank increased their target price on shares of IGM Financial from C$49.00 to C$51.00 in a research note on Friday, May 9th. Finally, TD Securities increased their target price on shares of IGM Financial from C$51.00 to C$56.00 and gave the stock a “buy” rating in a research note on Monday, February 10th.

IGM Financial Price Performance

TSE:IGM opened at C$44.07 on Monday. IGM Financial has a one year low of C$35.33 and a one year high of C$47.96. The company has a debt-to-equity ratio of 97.24, a quick ratio of 0.31 and a current ratio of 3.61. The firm has a market cap of C$10.51 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 4.09 and a beta of 1.53. The firm’s fifty day moving average is C$43.25 and its two-hundred day moving average is C$44.67.

IGM Financial Company Profile

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.