Shares of IGM Financial Inc. (TSE:IGM) rose 0% on Monday . The stock traded as high as C$38.00 and last traded at C$37.77. Approximately 34,831 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 238,503 shares. The stock had previously closed at C$37.76.
IGM has been the subject of several research analyst reports. CIBC upped their price objective on IGM Financial from C$41.00 to C$44.00 in a report on Wednesday, April 24th. Canaccord Genuity upped their price objective on IGM Financial from C$34.50 to C$35.00 in a report on Monday, May 6th. Finally, Royal Bank of Canada cut their price objective on IGM Financial from C$41.00 to C$40.00 and set a “sector perform” rating for the company in a report on Monday, May 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$37.71.
The company has a market capitalization of $9.09 billion and a price-to-earnings ratio of 12.14. The company has a debt-to-equity ratio of 48.58, a current ratio of 4.38 and a quick ratio of 0.61. The firm’s fifty day simple moving average is C$36.93.
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About IGM Financial (TSE:IGM)
IGM Financial Inc, a financial services company, manages and distributes investment funds and other managed asset products in Canada. The company operates through Investors Group, Mackenzie Investments, and Corporate and Other segments. The company also offers financial planning services, including investment, tax, retirement, education, risk management, and estate planning; strategic investment planning tools; mutual funds; iProfile, a portfolio management program; and separately managed accounts and fee-based brokerage accounts.
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