Will IGM Financial Inc. Go Down Anytime Soon?

 Will IGM Financial Inc. Go Down Anytime Soon?

The stock of IGM Financial Inc. (TSE:IGM) is a huge mover today! The stock last traded at $36.59 per share. It is down 6.64% since April 1, 2016 and is downtrending. It has underperformed by 8.59% the S&P500.
The move comes after 6 months positive chart setup for the $9.01B company. It was reported on Nov, 8 by Barchart.com. We have $45.37 PT which if reached, will make TSE:IGM worth $2.16B more.

IGM Financial Inc. (TSE:IGM) Ratings Coverage

Out of 6 analysts covering IGM Financial (TSE:IGM), 0 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 0 are positive. $49 is the highest target while $14 is the lowest. The $38.80 average target is 6.04% above today’s ($36.59) stock price. IGM Financial has been the topic of 23 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of IGM Financial Inc. (TSE:IGM) has “Hold” rating given on Friday, August 7 by TD Securities. Scotia Capital maintained it with “Sector Perform” rating and $39 target price in Friday, November 4 report. The firm has “Outperform” rating by Scotia Capital given on Friday, August 7. National Bank Canada maintained the shares of IGM in a report on Thursday, November 26 with “Sector Perform” rating.

Another recent and important IGM Financial Inc. (TSE:IGM) news was published by Benzinga.com which published an article titled: “IGM Financial Inc. Reports Third Quarter Earnings” on November 03, 2016.

IGM Financial Inc. is a Canada-based financial services company. The company has a market cap of $9.01 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 12.48 P/E ratio.

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