IGM Financial (IGM), the Financial sector company, has received a rating update from a Wall Street analyst on April 22. The company received a Buy on April 22 from BMO Capital’s analyst Tom Mackinnon, with a C$40 price target.
According to TipRanks.com, Mackinnon is a 4-star analyst with an average return of 10.1% and a 71.4% success rate. Mackinnon covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Sun Life Financial, and IGM Financial.
IGM Financial has an analyst consensus of Moderate Buy, with a price target consensus of C$38.
Based on IGM Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$182 million. In comparison, last year the company had a net profit of C$188 million.
IGM Financial, Inc. operates as a financial services company, which engages in the management and distribution of mutual funds and other managed asset products. It operates through the following segments: Investors Group, Mackenzie Investments, and Corporate & Other.
The company’s shares closed on Tuesday at C$36.30.
