IGM Financial (TSE:IGM) had its price objective reduced by stock analysts at Barclays from C$43.00 to C$42.00 in a research note issued to investors on Monday. Barclays’ price objective indicates a potential upside of 4.27% from the company’s previous close.

IGM has been the topic of several other reports. Desjardins boosted their target price on IGM Financial from C$48.00 to C$50.00 in a research note on Tuesday, October 31st. CIBC reduced their target price on IGM Financial from C$48.00 to C$45.00 in a research note on Monday, November 6th. Scotiabank reissued an “outperform” rating and set a C$50.00 target price on shares of IGM Financial in a research note on Tuesday, December 12th. BMO Capital Markets reissued an “outperform” rating and set a C$48.00 target price on shares of IGM Financial in a research note on Monday, November 6th. Finally, TD Securities raised IGM Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from C$48.00 to C$52.00 in a research note on Monday, November 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$47.13.

IGM Financial (TSE IGM) traded down C$0.17 on Monday, hitting C$40.28. The stock had a trading volume of 257,973 shares, compared to its average volume of 252,278. IGM Financial has a 52-week low of C$38.56 and a 52-week high of C$45.82. The stock has a market capitalization of $9,730.00, a PE ratio of 12.36 and a beta of 0.93.

In other news, Director Jean-Claude Bachand purchased 1,000 shares of IGM Financial stock in a transaction that occurred on Tuesday, December 5th. The shares were bought at an average cost of C$44.35 per share, with a total value of C$44,350.00.

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IGM Financial Company Profile

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.

Analyst Recommendations for IGM Financial (TSE:IGM)

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