Trade Report: The Analysts Set IGM Financial Inc. (IGM) Target Price at $38.64

The Analysts Set IGM Financial Inc. (IGM) Target Price at $38.64

IGM Financial Inc. (TSE:IGM) has been given an average recommendation of “Hold” by the eleven analysts that are covering the company. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$38.73.

IGM has been the topic of a number of analyst reports. GMP Securities cut IGM Financial from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$42.25 to C$39.50 in a research note on Friday, August 5th. Canaccord Genuity decreased their price objective on IGM Financial from C$35.75 to C$35.50 and set a “hold” rating for the company in a research report on Tuesday, September 20th. TD Securities restated a “hold” rating and set a C$39.00 price objective on shares of IGM Financial in a research report on Friday, August 5th. Barclays PLC raised their price objective on IGM Financial from C$36.00 to C$37.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, BMO Capital Markets raised their price objective on IGM Financial from C$37.00 to C$39.00 and gave the stock a “market perform” rating in a research report on Friday, August 5th.

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