Is IGM Financial Inc. a Buy? The Stock Rises Again

 Is IGM Financial Inc. a Buy? The Stock Rises Again

The stock of IGM Financial Inc. (TSE:IGM) is a huge mover today! About 17,302 shares traded hands. IGM Financial Inc. (TSE:IGM) has declined 1.55% since March 10, 2016 and is downtrending. It has underperformed by 7.17% the S&P500.
The move comes after 8 months positive chart setup for the $8.53B company. It was reported on Oct, 17 by Barchart.com. We have $51.19 PT which if reached, will make TSE:IGM worth $3.75 billion more.

IGM Financial Inc. (TSE:IGM) Ratings Coverage

Out of 4 analysts covering IGM Financial (TSE:IGM), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. $49 is the highest target while $14 is the lowest. The $39.90 average target is 12.24% above today’s ($35.55) stock price. IGM Financial has been the topic of 20 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by TD Securities given on Friday, August 7. National Bank Canada maintained IGM Financial Inc. (TSE:IGM) on Thursday, November 26 with “Sector Perform” rating. Scotia Capital maintained IGM Financial Inc. (TSE:IGM) rating on Friday, August 7. Scotia Capital has “Outperform” rating and $47 price target.

IGM Financial Inc. is a Canada-based financial services company. The company has a market cap of $8.53 billion. The Company’s principal businesses are Investors Group Inc. and Mackenzie Financial Corporation, which operate within the advice segment of the financial services market. It has a 12.19 P/E ratio.

IGM Company Profile

iShares S&P North American Technology Sector Index Fund, formerly iShares S&P GSTI Technology Index (the Fund), seeks investment results that correspond generally to the price and yield performance of the S&P North American Technology Sector Index (the Index). The Index is an equity benchmark for United States-traded, technology-related stocks.

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