IGM Financial (TSE:IGM) PT Raised to C$41.00 at BMO Capital Markets

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IGM Financial (TSE:IGM) had its target price raised by BMO Capital Markets from C$40.00 to C$41.00 in a report issued on Friday morning, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity increased their price objective on shares of IGM Financial from C$35.00 to C$36.00 in a research note on Friday. Royal Bank of Canada dropped their price objective on shares of IGM Financial from C$41.00 to C$40.00 and set a sector perform rating for the company in a research note on Monday, May 6th. Finally, CIBC dropped their price objective on shares of IGM Financial from C$44.00 to C$43.50 in a research note on Friday.

Shares of IGM Financial stock opened at C$35.74 on Friday. The company has a current ratio of 4.02, a quick ratio of 0.48 and a debt-to-equity ratio of 50.03. IGM Financial has a fifty-two week low of C$29.84 and a fifty-two week high of C$38.69. The firm has a fifty day moving average of C$37.25. The company has a market cap of $8.60 billion and a P/E ratio of 11.76.

IGM Financial (TSE:IGM) last announced its quarterly earnings data on Friday, May 3rd. The financial services provider reported C$0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.74 by C($0.04). The firm had revenue of C$89.08 million for the quarter. As a group, analysts forecast that IGM Financial will post 3.4199998 earnings per share for the current year.

About IGM Financial

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.

Further Reading: What is a Fiduciary?

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