IGM Financial (TSE:IGM – Get Free Report) had its price target boosted by research analysts at TD Securities from C$42.00 to C$43.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the financial services provider’s stock. TD Securities’ price target points to a potential upside of 13.46% from the company’s previous close.
IGM has been the subject of several other research reports. Royal Bank of Canada raised their target price on shares of IGM Financial from C$44.00 to C$45.00 in a research note on Friday, May 3rd. Scotiabank lifted their price objective on IGM Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. National Bankshares increased their target price on IGM Financial from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. CIBC lifted their price target on IGM Financial from C$42.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, BMO Capital Markets raised their target price on IGM Financial from C$39.00 to C$40.00 in a report on Monday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$44.00.
IGM Financial Stock Performance
IGM Financial (TSE:IGM – Get Free Report) last announced its earnings results on Thursday, February 15th. The financial services provider reported C$0.84 earnings per share for the quarter, missing the consensus estimate of C$0.89 by C($0.05). IGM Financial had a net margin of 31.03% and a return on equity of 14.46%. The company had revenue of C$768.80 million during the quarter, compared to analysts’ expectations of C$773.00 million. On average, equities research analysts expect that IGM Financial will post 3.711039 earnings per share for the current year.
IGM Financial Company Profile
IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.
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