IGM Financial Inc. (TSE:IGM) had its price target cut by research analysts at Canaccord Genuity from C$35.75 to C$35.50 in a report issued on Tuesday. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity’s price objective indicates a potential downside of 2.55% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. TD Securities reaffirmed a “hold” rating and set a C$39.00 target price on shares of IGM Financial in a research note on Friday, August 5th. Scotiabank reaffirmed a “sector perform” rating and set a C$39.00 target price on shares of IGM Financial in a research note on Friday, August 5th. GMP Securities cut shares of IGM Financial from a “buy” rating to a “hold” rating and cut their target price for the company from C$42.25 to C$39.50 in a research note on Friday, August 5th. BMO Capital Markets raised their target price on shares of IGM Financial from C$37.00 to C$39.00 and gave the company a “market perform” rating in a research note on Friday, August 5th. Finally, Barclays PLC raised their target price on shares of IGM Financial from C$35.00 to C$36.00 and gave the company an “underweight” rating in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. IGM Financial currently has an average rating of “Hold” and an average target price of C$38.64.

Analyst Recommendations for IGM Financial (TSE:IGM)

IGM Financial (TSE:IGM) opened at 36.43 on Tuesday. The company has a market capitalization of $8.76 billion and a P/E ratio of 12.48. The company has a 50-day moving average of $36.64 and a 200-day moving average of $37.07. IGM Financial has a 1-year low of $31.47 and a 1-year high of $40.00.

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