In a new note to investors on April 23, an analyst has provided a rating update for IGM Financial (IGM). The company received a Hold on April 23 from RBC Capital’s analyst Geoffrey Kwan, with a C$41 price target.
According to TipRanks.com, Kwan is ranked #2191 out of 5196 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IGM Financial with a C$38.83 average price target, a 5.2% upside from current levels. In a report issued on April 8, Scotiabank also downgraded the stock to Hold with a C$37 price target.
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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 Wednesday at C$36.91.
