IGM Financial (OTCMKTS:IGIFF) Price Target Increased to $46.00 by Analysts at Scotiabank

IGM Financial (OTCMKTS:IGIFF) had its price target lifted by stock analysts at Scotiabank from $42.00 to $46.00 in a research note issued on Tuesday, The Fly reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 25.61% from the company’s current price.

IGIFF has been the topic of a number of other research reports. Canaccord Genuity lifted their price target on IGM Financial from $39.50 to $44.00 and gave the company a “buy” rating in a report on Friday, March 26th. National Bank Financial initiated coverage on IGM Financial in a report on Thursday, April 29th. They set an “outperform” rating on the stock. TD Securities raised IGM Financial from a “hold” rating to a “buy” rating in a report on Tuesday, February 16th. CIBC boosted their target price on IGM Financial from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, April 26th. Finally, BMO Capital Markets boosted their target price on IGM Financial from $38.00 to $41.00 and gave the stock a “market perform” rating in a report on Friday, April 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $41.00.

IGIFF stock traded up $0.92 during midday trading on Tuesday, reaching $36.62. The company had a trading volume of 1,152 shares, compared to its average volume of 2,413. The stock has a 50 day moving average price of $31.99 and a 200 day moving average price of $28.14. IGM Financial has a fifty-two week low of $17.79 and a fifty-two week high of $36.65.

IGM Financial Company Profile

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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