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! About 50,796 shares traded hands. IGM Financial Inc. (TSE:IGM) has declined 4.13% since April 21, 2016 and is downtrending. It has underperformed by 9.54% the S&P500.
The move comes after 5 months positive chart setup for the $9.17 billion company. It was reported on Nov, 25 by Barchart.com. We have $41.03 PT which if reached, will make TSE:IGM worth $733.60 million 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 2.13% above today’s ($37.99) stock price. IGM Financial has been the topic of 23 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, August 7 by Scotia Capital. The firm earned “Sector Perform” rating on Friday, November 4 by Scotia Capital. TD Securities maintained IGM Financial Inc. (TSE:IGM) rating on Friday, August 7. TD Securities has “Hold” rating and $42 price target. The stock has “Sector Perform” rating given by National Bank Canada on Thursday, November 26.

Another recent and important IGM Financial Inc. (TSE:IGM) news was published by Reuters.com which published an article titled: “IGM Financial, GWL set to buy Montreal office towers: sources” on November 22, 2016.

IGM Financial Inc. is a Canada-based financial services company. The company has a market cap of $9.17 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 12.96 P/E ratio.

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