IGM Financial’s (IGM) “Outperform” Rating Reiterated at BMO Capital Markets

BMO Capital Markets reissued their outperform rating on shares of IGM Financial Inc. (TSE:IGM) in a research note published on Monday morning, StockTargetPrices.com reports. The firm currently has a C$47.00 target price on the financial services provider’s stock.

Separately, Barclays PLC lifted their price objective on shares of IGM Financial from C$39.10 to C$41.00 in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. IGM Financial currently has a consensus rating of Hold and an average target price of C$42.44.

Shares of IGM Financial (TSE:IGM) opened at 42.52 on Monday. The stock’s 50 day moving average price is $41.35 and its 200 day moving average price is $40.60. IGM Financial has a one year low of $34.83 and a one year high of $42.93. The stock has a market cap of $10.23 billion and a price-to-earnings ratio of 12.65.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a $0.563 dividend. The ex-dividend date is Thursday, September 28th. This is a boost from IGM Financial’s previous quarterly dividend of $0.47. This represents a $2.25 dividend on an annualized basis and a yield of 5.30%.

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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