IGM Financial Inc. (OTCMKTS:IGIFF) Receives Consensus Rating of “Hold” from Brokerages

Shares of IGM Financial Inc. (OTCMKTS:IGIFF) have been given an average rating of “Hold” by the six brokerages that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.

IGIFF has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of IGM Financial in a research note on Friday, July 31st. TD Securities reiterated a “buy” rating on shares of IGM Financial in a research report on Monday, May 11th. Scotiabank reiterated a “sector perform” rating on shares of IGM Financial in a research report on Thursday, July 30th. BMO Capital Markets reissued a “market perform” rating on shares of IGM Financial in a report on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of IGM Financial in a research report on Friday, July 31st.

IGM Financial Stock Performance

Shares of IGIFF stock opened at $63.95 on Friday. IGM Financial has a 52-week low of $33.59 and a 52-week high of $65.05. The business’s fifty day moving average is $58.32 and its 200 day moving average is $53.31.

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.