IGM Financial (OTCMKTS:IGIFF) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Shares of IGM Financial Inc. (OTCMKTS:IGIFFGet Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $43.06 and traded as high as $47.54. IGM Financial shares last traded at $47.54, with a volume of 14,559 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. BMO Capital Markets reissued a “market perform” rating on shares of IGM Financial in a research note on Monday, November 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of IGM Financial in a research note on Monday, November 10th. Scotiabank reiterated a “sector perform” rating on shares of IGM Financial in a report on Tuesday, October 28th. Finally, National Bankshares reissued an “outperform” rating on shares of IGM Financial in a research note on Monday, October 27th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, IGM Financial has a consensus rating of “Hold”.

View Our Latest Stock Report on IGM Financial

IGM Financial Trading Up 1.3%

The company’s 50-day simple moving average is $43.26 and its two-hundred day simple moving average is $38.21.

About IGM Financial

(Get Free Report)

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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