IGM Financial Inc. (OTCMKTS:IGIFF) Given Average Recommendation of “Hold” by Brokerages

Shares of IGM Financial Inc. (OTCMKTS:IGIFF) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

A number of analysts have issued reports on the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of IGM Financial in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of IGM Financial in a research report on Wednesday, April 29th. Scotiabank reissued a “sector perform” rating on shares of IGM Financial in a research report on Tuesday, April 28th. TD Securities reissued a “buy” rating on shares of IGM Financial in a research report on Monday, May 11th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of IGM Financial in a research report on Wednesday, April 29th.

IGM Financial Price Performance

Shares of OTCMKTS IGIFF opened at $55.64 on Friday. IGM Financial has a 52-week low of $30.86 and a 52-week high of $57.97. The business’s 50 day moving average is $51.64 and its two-hundred day moving average is $47.45.

About IGM Financial

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.