Desjardins Reiterates a Hold Rating on IGM Financial (IGM)

By Austin Angelo

On February 8, an analyst has provided a rating update for the Financial sector company, IGM Financial (IGMResearch Report). Analyst Gary Ho from Desjardins remains neutral on the stock and has a C$37 price target.

According to TipRanks.com, Ho is ranked #3320 out of 5146 analysts.

Currently, the analyst consensus on IGM Financial is a Moderate Buy with an average price target of C$36.57, implying a 7.4% upside from current levels. In a report issued on January 30, Canaccord Genuity also reiterated a Hold rating on the stock with a C$34 price target.

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IGM Financial’s market cap is currently C$8.2B and has a P/E ratio of 12.5. The company has a Price to Book ratio of 1.86.

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 Investments, and Corporate and Other.

The company’s shares closed on Monday at C$34.04.