Recent Investment Analysts’ Ratings Changes for IGM Financial (IGM)

A number of research firms have changed their ratings and price targets for IGM Financial (TSE: IGM):

• 11/11/2024 – IGM Financial had its price target raised by analysts at BMO Capital Markets from C$43.00 to C$47.00.
• 11/11/2024 – IGM Financial had its price target raised by analysts at TD Securities from C$46.00 to C$50.00.
• 11/8/2024 – IGM Financial had its price target raised by analysts at CIBC from C$47.00 to C$50.00.
• 11/8/2024 – IGM Financial had its price target raised by analysts at Scotiabank from C$53.00 to C$56.00.
• 11/1/2024 – IGM Financial had its price target raised by analysts at Jefferies Financial Group Inc. from C$39.00 to C$45.00. They now have a “hold” rating on the stock.
• 10/30/2024 – IGM Financial had its price target raised by analysts at National Bankshares, Inc. from C$47.00 to C$50.00. They now have an “outperform” rating on the stock.

IGM Financial Stock Up 1.4 %

Shares of TSE IGM opened at C$46.99 on Thursday. The company has a market cap of C$11.12 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 4.09 and a beta of 1.53. The company has a quick ratio of 0.31, a current ratio of 2.12 and a debt-to-equity ratio of 35.99. The firm’s fifty day moving average is C$41.96 and its 200 day moving average is C$39.27. IGM Financial Inc. has a 52 week low of C$32.95 and a 52 week high of C$47.05.

IGM Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.563 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.25 dividend on an annualized basis and a yield of 4.79%. IGM Financial’s dividend payout ratio is presently 63.38%.

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.