Desjardins Believes IGM Financial (TSX: IGM) Won’t Stop Here

By Ryan Adsit

IGM Financial (TSX: IGM), the Financial sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Gary Ho from Desjardins rated IGM Financial (TSX: IGM) a Buy, setting a C$46 price target.

According to TipRanks.com, Ho is ranked #2294 out of 4583 analysts.

IGM Financial has an analyst consensus of Moderate Buy, with a price target consensus of C$43.75.

The company has a one year high of C$42.25 and a one year low of C$34.58. Currently, IGM Financial has an average volume of 285K.

IGM Financial, Inc. engages in the management and distribution of mutual funds and other managed asset products. It operates through the following segments: Investors Group, Mackenzie, and Corporate and Other. The Investors Group segment provides financial advisory services for investments, retirement, mortgage, estate planning, tax planning, and insurance. The Mackenzi 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.,003N6X-E

The company’s shares closed last Friday at $41, close to its 52-week high of $42.25.