IGM Financial (TSE:IGM) PT Raised to C$36.00

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IGM Financial (TSE:IGM) had its price target boosted by Canaccord Genuity from C$35.00 to C$36.00 in a research report report published on Friday morning, BayStreet.CA reports.

Several other equities research analysts also recently weighed in on the stock. Royal Bank of Canada dropped their target price 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 report on Monday, May 6th. CIBC dropped their target price on shares of IGM Financial from C$44.00 to C$43.50 in a research report on Friday.

IGM opened at C$35.74 on Friday. The business has a 50-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 has a 1-year low of C$29.84 and a 1-year high of C$38.69. The company has a debt-to-equity ratio of 50.03, a current ratio of 4.02 and a quick ratio of 0.48.

IGM Financial (TSE:IGM) last released its earnings results on Friday, May 3rd. The financial services provider reported C$0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.74 by C($0.04). The firm had revenue of C$89.08 million for the quarter. As a group, sell-side analysts expect 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.

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