BMO Capital Maintains Their Buy Rating on IGM Financial (IGM)
The Financial sector company, IGM Financial (IGM), has received a rating update from a Wall Street analyst today. Analyst Tom Mackinnon from BMO Capital rated IGM Financial (IGM) a Buy, setting a C$41 price target.
According to TipRanks.com, Mackinnon is a 5-star analyst with an average return of 10.2% and a 74.8% success rate. Mackinnon covers the Financial sector, focusing on stocks such as Sun Life Financial, Element Financial, and CI Financial Corp.
Currently, the analyst consensus on IGM Financial is a Hold with an average price target of C$39.30, implying a 10.2% upside from current levels. In a report released today, CIBC also reiterated a Buy rating on the stock with a C$43.50 price target.
The company has a one-year high of C$39.44 and a one-year low of C$29.84. Currently, IGM Financial has an average volume of 216.3K.
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 Friday at C$35.65.