Were Analysts Bearish IGM Financial Inc. (TSE:IGM) This Week?

July 18, 2017 - By Linda Rogers

 Were Analysts Bearish IGM Financial Inc. (TSE:IGM) This Week?

IGM Financial Inc. (TSE:IGM) Ratings Coverage

Among 6 analysts covering IGM Financial (TSE:IGM), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. IGM Financial had 28 analyst reports since July 22, 2015 according to SRatingsIntel. Scotia Capital maintained the stock with “Outperform” rating in Friday, August 7 report. The firm has “Hold” rating by TD Securities given on Friday, August 7. The rating was maintained by National Bank Canada on Thursday, November 26 with “Sector Perform”. The stock of IGM Financial Inc. (TSE:IGM) earned “Sector Perform” rating by RBC Capital Markets on Monday, April 24. The firm earned “Neutral” rating on Monday, May 8 by IBC. The company was maintained on Friday, November 4 by Scotia Capital. Below is a list of IGM Financial Inc. (TSE:IGM) latest ratings and price target changes.

08/05/2017 Broker: IBC Rating: Neutral New Target: $44.00 Maintain
24/04/2017 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Old Target: $42.00 New Target: $47.00 Downgrade
19/01/2017 Broker: Barclays Capital Rating: Old Target: $37.00 New Target: $39.00 Target Up

It closed at $40.67 lastly. It is down 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

IGM Financial Inc. is a Canada-based financial services company. The company has market cap of $9.77 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 12.55 P/E ratio. It operates in three divisions: Investors Group, Mackenzie Investments, and Corporate and Other.

More notable recent IGM Financial Inc. (TSE:IGM) news were published by: Seekingalpha.com which released: “IGM Financial’s (IGIFF) CEO Jeff Carney on Q4 2016 Results – Earnings Call …” on February 11, 2017, also Forbes.com with their article: “IGM Financial About To Put More Money In Your Pocket (IGM)” published on March 28, 2016, Seekingalpha.com published: “IGM Financial: Cheap For A Reason” on May 30, 2017. More interesting news about IGM Financial Inc. (TSE:IGM) were released by: Seekingalpha.com and their article: “IGM Financial’s (IGIFF) CEO Jeff Carney on Q1 2017 Results – Earnings Call …” published on May 09, 2017 as well as Marketwired.com‘s news article titled: “IGM Financial Inc. Acquires Additonal 3.9% Interest in Market-Leading China …” with publication date: January 05, 2017.

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