In a report issued on November 6, Geoffrey Kwan from RBC Capital maintained a Hold rating on IGM Financial (IGIFF), with a price target of C$36.00. The company’s shares closed last Monday at $25.40.
According to TipRanks.com, Kwan is a 1-star analyst with an average return of -0.2% and a 47.9% success rate. Kwan covers the Financial sector, focusing on stocks such as Element Financial, Equitable Group, and TMX Group.
The word on The Street in general, suggests a Hold analyst consensus rating for IGM Financial with a $27.52 average price target, implying a 11.0% upside from current levels. In a report issued on October 23, Canaccord Genuity also maintained a Hold rating on the stock with a C$34.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $30.55 and a one-year low of $14.48. Currently, IGM Financial has an average volume of 2,686.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 Investors Group segment provides financial advisory services for investments, retirement, mortgage, estate planning, tax planning, and insurance. The Mackenzi Investments segment offers funds products, private wealth solutions, managed assets, group plans, tax and estate planning, payout service, and dollar cost averaging. The Corporate and Other segment includes net investment income that are not allocated to other segments, proportionate share of earnings of Great-West Lifeco Inc., operating results for Investment Planning Counsel Inc., and consolidation elimination entries. The company was founded on August 3, 1978 and is headquartered in Winnipeg, Canada.
