IGM Financial (OTCMKTS:IGIFF) had its price target hoisted by equities research analysts at BMO Capital Markets from $41.00 to $44.00 in a research report issued on Tuesday, The Fly reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 20.15% from the stock’s previous close.
IGIFF has been the subject of several other reports. Canaccord Genuity raised their price target on shares of IGM Financial from $39.50 to $44.00 and gave the company a “buy” rating in a report on Friday, March 26th. CIBC lifted their target price on shares of IGM Financial from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, April 26th. Scotiabank lifted their target price on shares of IGM Financial from $42.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Barclays boosted their price objective on shares of IGM Financial from $34.00 to $41.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, TD Securities upgraded shares of IGM Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, February 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $42.00.
OTCMKTS:IGIFF traded up $0.92 on Tuesday, hitting $36.62. The stock had a trading volume of 1,152 shares, compared to its average volume of 2,413. The firm’s fifty day simple moving average is $31.99 and its two-hundred day simple moving average is $28.14. IGM Financial has a 1 year low of $17.79 and a 1 year high of $36.65.
IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management, Asset Management, and Strategic Investments and Other segments. The company offers financial advisory services; IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program; IG Wealth Management Advisor Portal, a customer relationship management platform; and IG Wealth Management's dealer platform, which provides increased automation and supports both MFDA and IIROC licensed advisors, as well as new products on its investment dealer platform.
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