IGM Financial Inc (TSE:IGM) Rating Reaffirmed
In a recent research report finalized on Thursday morning, The “Sector Perform” rating of IGM Financial Inc (TSE:IGM) shares was has decided to reaffirm by Analysts at National Bank Financial, who now has a $14.00 target price per share on the stock. National Bank Financial’s target price per share provides a possible downside of -63.23% from the price per share of the company.
From a total of 5 analysts covering IGM Financial (TSE:IGM) stock, 1 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 20% of the ratings are positive. The highest target price is $49 while the lowest target price is $30. The mean of all analyst targets is $41.28 with a 8.46% above today’s ($38.06) stock price. IGM Financial was the topic of 14 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. TD Securities maintained shares on August 7 with “Hold” rating.
Approximately 20,917 shares of stock traded hands. IGM Financial Inc. (TSE:IGM) has declined 15.93% since April 23, 2015 and is downtrending. It has underperformed by 14.57% the S&P500.
IGM Financial Inc. is a Canada-based financial services company. The company has a market cap of $9.36 billion. The Company’s principal businesses are Investors Group Inc. and Mackenzie Financial Corporation, which operate within the advice segment of the financial services market. It has 12.73 P/E ratio.