IGM Financial’s (IGM) Outperform Rating Reiterated at BMO Capital Markets

IGM Financial Inc. (TSE:IGM)‘s stock had its “outperform” rating restated by investment analysts at BMO Capital Markets in a note issued to investors on Monday, November 6th. They presently have a C$48.00 price objective on the financial services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 6.08% from the company’s previous close.

Several other research analysts have also recently weighed in on IGM. Barclays PLC upped their price target on shares of IGM Financial from C$39.10 to C$41.00 in a report on Friday, August 4th. TD Securities upgraded shares of IGM Financial from a “hold” rating to a “buy” rating and upped their price target for the company from C$48.00 to C$52.00 in a report on Monday, November 6th. Finally, Desjardins upped their price target on shares of IGM Financial from C$48.00 to C$50.00 in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. IGM Financial has an average rating of “Hold” and an average price target of C$46.06.

IGM Financial (IGM) traded up C$0.23 during trading on Monday, hitting C$45.25. 66,195 shares of the stock traded hands, compared to its average volume of 198,772. IGM Financial has a 12 month low of C$37.25 and a 12 month high of C$45.82.

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IGM Financial Company Profile

IGM Financial Inc is a Canada-based financial services company. The Company’s principal businesses are Investors Group Inc and Mackenzie Financial Corporation, which operate within the advice segment of the financial services market. It operates in three segments: Investors Group, Mackenzie Investments, and Corporate and Other.

Analyst Recommendations for IGM Financial (TSE:IGM)

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