Desjardins Keeps a Hold Rating on IGM Financial (IGM)

By Austin Angelo

The Financial sector company, IGM Financial (IGMResearch Report), has received a rating update from a Wall Street analyst yesterday. The company received a Hold rating from Desjardins’ analyst Gary Ho, with a C$38 price target.

According to TipRanks.com, Ho is a 3-star analyst with an average return of 2.3% and a 55.7% success rate. Ho covers the Financial sector, focusing on stocks such as Alaris Royalty Corp, IGM Financial, and Sprott Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IGM Financial with a C$38.25 average price target.

The company has a one-year high of C$39.96 and a one-year low of C$29.84. Currently, IGM Financial has an average volume of 236.4K.

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$36.64.