IGM Financial (TSE:IGM – Free Report) had its target price increased by Jefferies Financial Group from C$38.00 to C$39.00 in a research report sent to investors on Monday, BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.
Several other analysts also recently weighed in on the company. Scotiabank lifted their target price on IGM Financial from C$45.00 to C$46.00 in a research note on Wednesday, July 24th. CIBC boosted their price objective on IGM Financial from C$42.00 to C$45.00 and gave the stock an outperform rating in a research note on Friday, May 3rd. BMO Capital Markets boosted their price objective on IGM Financial from C$39.00 to C$40.00 in a research note on Monday, May 6th. National Bankshares boosted their price objective on IGM Financial from C$46.00 to C$47.00 and gave the stock an outperform rating in a research note on Monday. Finally, TD Securities boosted their price objective on IGM Financial from C$42.00 to C$43.00 and gave the stock a buy rating in a research note on Monday, May 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of C$43.57.
IGM Financial Stock Down 1.2 %
IGM Financial (TSE:IGM – Get Free Report) last announced its earnings results on Thursday, May 2nd. The financial services provider reported C$0.94 earnings per share for the quarter, beating the consensus estimate of C$0.91 by C$0.03. The firm had revenue of C$811.67 million for the quarter, compared to the consensus estimate of C$796.65 million. IGM Financial had a return on equity of 11.63% and a net margin of 27.67%. As a group, research analysts forecast that IGM Financial will post 3.8664564 EPS 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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