IGM Financial Inc. (IGM) Lifted to “Buy” at TD Securities
TD Securities upgraded shares of IGM Financial Inc. (TSE:IGM) from a hold rating to a buy rating in a report released on Monday morning. They currently have C$52.00 price objective on the financial services provider’s stock, up from their prior price objective of C$48.00.
IGM has been the topic of a number of other reports. Desjardins boosted their price objective on shares of IGM Financial from C$48.00 to C$50.00 in a research report on Tuesday, October 31st. Barclays PLC upped their target price on shares of IGM Financial from C$39.10 to C$41.00 in a research report on Friday, August 4th. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a C$47.00 target price on shares of IGM Financial in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of C$46.06.
IGM Financial (TSE IGM) opened at C$44.46 on Monday. IGM Financial has a 1 year low of C$35.77 and a 1 year high of C$45.82.
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The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be paid a $0.563 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Thursday, December 28th.
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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