Insider Selling: IGM Financial Inc. (TSE:IGM) Director Sells C$17,744.00 in Stock

IGM Financial Inc. (TSE:IGM) Director Nancy Mccuaig sold 400 shares of IGM Financial stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of C$44.36, for a total transaction of C$17,744.00.

IGM Financial Trading Up 2.4 %

TSE IGM opened at C$45.59 on Friday. IGM Financial Inc. has a 12 month low of C$32.95 and a 12 month high of C$47.96. The company has a current ratio of 3.61, a quick ratio of 0.31 and a debt-to-equity ratio of 97.24. The firm has a market capitalization of C$10.87 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53. The business’s 50-day moving average price is C$45.32 and its two-hundred day moving average price is C$43.33.

Wall Street Analyst Weigh In

A number of analysts have weighed in on IGM shares. Scotiabank boosted their target price on shares of IGM Financial from C$53.00 to C$56.00 in a research note on Friday, November 8th. TD Securities upped their target price on IGM Financial from C$51.00 to C$56.00 and gave the stock a “buy” rating in a report on Monday, February 10th. CIBC increased their target price on IGM Financial from C$47.00 to C$50.00 in a research report on Friday, November 8th. Jefferies Financial Group boosted their price target on IGM Financial from C$39.00 to C$45.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, BMO Capital Markets raised their price objective on shares of IGM Financial from C$47.00 to C$48.00 in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$50.29.

About IGM Financial

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.