Brokerages Set IGM Financial Inc. (OTCMKTS:IGIFF) Target Price at $29.60

Shares of IGM Financial Inc. (OTCMKTS:IGIFF) have received an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $29.60.

Several analysts recently weighed in on the stock. TD Securities lifted their target price on shares of IGM Financial from $27.00 to $30.00 and gave the company a “hold” rating in a report on Monday, May 11th. Royal Bank of Canada reiterated a “sell” rating and issued a $29.00 target price on shares of IGM Financial in a report on Monday, May 11th. Scotiabank lifted their target price on shares of IGM Financial from $32.00 to $34.00 and gave the company a “sector perform” rating in a report on Monday, June 29th. Finally, Canaccord Genuity lifted their target price on shares of IGM Financial from $27.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd.

IGM Financial stock opened at $24.62 on Thursday. IGM Financial has a fifty-two week low of $14.48 and a fifty-two week high of $30.55. The firm has a 50 day moving average price of $24.33 and a 200 day moving average price of $23.74.

About IGM Financial

IGM Financial Inc, a financial services company, manages and distributes investment funds and other managed asset products in Canada. The company operates through Investors Group, Mackenzie Investments, and Corporate and Other segments. The company also offers financial planning services, including investment, tax, retirement, education, risk management, and estate planning; strategic investment planning tools; mutual funds; iProfile, a portfolio management program; and separately managed accounts and fee-based brokerage accounts.

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Analyst Recommendations for IGM Financial (OTCMKTS:IGIFF)

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