IGM Financial (TSE:IGM) Price Target Lowered to C$42.00 at Jefferies Financial Group

IGM Financial (TSE:IGM) had its target price dropped by stock analysts at Jefferies Financial Group from C$47.00 to C$42.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective would suggest a potential upside of 2.19% from the company’s previous close.

A number of other research firms have also weighed in on IGM. TD Securities increased their target price on shares of IGM Financial from C$51.00 to C$56.00 and gave the stock a “buy” rating in a report on Monday, February 10th. BMO Capital Markets lowered their price target on shares of IGM Financial from C$48.00 to C$47.00 in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$49.71.

IGM Financial Stock Performance

Shares of TSE:IGM traded down C$0.97 during midday trading on Monday, reaching C$41.10. 46,006 shares of the company traded hands, compared to its average volume of 345,358. IGM Financial has a 12 month low of C$33.50 and a 12 month high of C$47.96. The firm’s fifty day moving average price is C$43.79 and its two-hundred day moving average price is C$44.47. The company has a quick ratio of 0.31, a current ratio of 3.61 and a debt-to-equity ratio of 97.24. The firm has a market capitalization of C$9.80 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53.

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.