Scotiabank analyst Phil Hardie maintained a Hold rating on IGM Financial today and set a price target of C$64.00. The company’s shares closed yesterday at $37.89.
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According to TipRanks, Hardie is a top 100 analyst with an average return of 16.8% and an 80.41% success rate. Hardie covers the Financial sector, focusing on stocks such as IGM Financial, TMX Group, and AGF Management B NV.
Currently, the analyst consensus on IGM Financial is a Moderate Buy with an average price target of $38.77.
Based on IGM Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $914.94 million and a net profit of $246.71 million. In comparison, last year the company earned a revenue of $845.86 million and had a net profit of $216.19 million
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IGIFF in relation to earlier this year.
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