IGM Financial Inc. (OTCMKTS:IGIFF – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $54.07 and traded as high as $58.51. IGM Financial shares last traded at $58.17, with a volume of 1,749 shares.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Scotiabank restated a “sector perform” rating on shares of IGM Financial in a research note on Tuesday, April 28th. BMO Capital Markets reiterated a “market perform” rating on shares of IGM Financial in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of IGM Financial in a report on Wednesday, April 29th. Royal Bank Of Canada reissued a “sector perform” rating on shares of IGM Financial in a research report on Monday, May 11th. Finally, TD Securities restated a “buy” rating on shares of IGM Financial in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on IGM Financial
IGM Financial Stock Up 0.8%
IGM Financial Company Profile
IGM Financial Inc is a Canada-based wealth and asset management company that provides a range of financial planning and investment solutions to individual and institutional clients. Through its wholly owned subsidiaries—IG Wealth Management, Mackenzie Investments, and Investment Planning Counsel—the firm offers advisory services, mutual funds, segregated funds, and a suite of managed portfolio solutions designed to meet diverse investor needs. IGM’s business model centers on delivering fee-based and commission-based products through a network of financial advisors and distribution partners across Canada.
The company’s flagship arm, IG Wealth Management, operates one of the largest financial advisor networks in the country, offering advice on retirement planning, tax strategies, estate and legacy planning, and insurance products.
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