IGM Financial (TSE:IGM) Price Target Raised to C$47.00 at BMO Capital Markets

IGM Financial (TSE:IGM) had its price target boosted by BMO Capital Markets from C$43.00 to C$47.00 in a report released on Monday,BayStreet.CA reports.

IGM has been the topic of several other research reports. Jefferies Financial Group boosted their price objective on shares of IGM Financial from C$39.00 to C$45.00 and gave the stock a “hold” rating in a report on Friday, November 1st. TD Securities boosted their price target on IGM Financial from C$46.00 to C$50.00 in a research note on Monday. National Bankshares upped their price target on IGM Financial from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on IGM Financial from C$46.00 to C$47.00 in a report on Thursday, August 8th. Finally, Scotiabank upped their target price on IGM Financial from C$53.00 to C$56.00 in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$49.29.

IGM Financial Trading Up 2.2 %

Shares of IGM stock opened at C$45.63 on Monday. The firm has a market capitalization of C$10.80 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53. IGM Financial has a 1 year low of C$32.95 and a 1 year high of C$45.74. The firm’s fifty day simple moving average is C$41.38 and its 200 day simple moving average is C$38.95. The company has a current ratio of 2.12, a quick ratio of 0.31 and a debt-to-equity ratio of 35.99.

IGM Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.563 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.25 annualized dividend and a dividend yield of 4.94%. IGM Financial’s dividend payout ratio (DPR) is presently 63.38%.

About IGM Financial

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.