IGM Financial Receives Average Rating of 'Hold', Price Target at C$82.00

IGM Financial Inc., listed on the Toronto Stock Exchange under the ticker TSE:IGM, has been assigned an average rating of 'Hold' by seven brokerages. Among these analysts, four have given IGM Financial a hold rating and three have recommended buying it.

The stock's average 1-year price target among analysts is C$82.00. In recent updates on the stock, Royal Bank Of Canada increased its price target to C$89.00 from C$80.00 and gave the stock a 'sector perform' rating. BMO Capital Markets also raised its price objective on IGM Financial from C$72.00 to C$80.00.

IGM Financial's quarterly dividend was recently announced, with investors of record receiving a $0.62 dividend payment. This represents an annualized yield of 2.8% and a payout ratio of 47.87%. The company has a market cap of C$20.71 billion and a debt-to-equity ratio of 82.59.

The financial services provider reported C$1.41 EPS for the quarter, with revenue of C$1.07 million. Equities analysts predict that IGM Financial will post 4.006816 EPS for the current fiscal year.