IGM Financial Inc. (TSE:IGM)‘s stock had its “neutral” rating reissued by CIBC in a research report issued on Monday, May 8th, StockTargetPrices.com reports. They presently have a C$44.00 price target on the financial services provider’s stock. CIBC’s price objective suggests a potential upside of 11.93% from the company’s current price.
Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada upped their price target on IGM Financial from C$41.00 to C$42.00 in a report on Monday, February 13th. Desjardins upgraded IGM Financial from a “hold” rating to a “buy” rating in a report on Wednesday, April 26th. TD Securities upped their price target on IGM Financial from C$42.00 to C$44.00 and gave the stock a “hold” rating in a report on Monday, February 13th. Scotiabank upped their price target on IGM Financial from C$39.00 to C$41.00 and gave the stock a “sector perform” rating in a report on Monday, February 13th. Finally, Barclays PLC upped their price target on IGM Financial from C$37.00 to C$39.00 and gave the stock an “underweight” rating in a report on Thursday, January 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. IGM Financial has a consensus rating of “Hold” and a consensus price target of C$41.00.
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About IGM Financial
IGM Financial Inc is a Canada-based financial services company. 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 operates in three segments: Investors Group, Mackenzie Investments, and Corporate and Other.
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