IGM Financial (IGM) Gets a Sell Rating from Barclays

Today, an analyst has provided a rating update for IGM Financial (IGMResearch Report). The company received a Sell rating from Barclays’ analyst John Aiken, with a C$31 price target.

According to TipRanks.com, Aiken is a 1-star analyst with an average return of -2.2% and a 38.2% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.

IGM Financial has an analyst consensus of Moderate Buy, with a price target consensus of C$36.86.

IGM Financial’s market cap is currently C$7.98B and has a P/E ratio of 12.5. The company has a Price to Book ratio of 1.81.

IGM Financial, Inc. engages in the management and distribution of mutual funds and other managed asset products. It operates through the following segments: Investors Group, Mackenzie Investments, and Corporate and Other.

The company’s shares closed on Monday at C$32.82.