IGM Financial Inc. (OTCMKTS:IGIFF – Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $62.31 and traded as high as $62.58. IGM Financial shares last traded at $62.3650, with a volume of 2,071 shares.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on IGIFF. BMO Capital Markets reaffirmed a “market perform” rating on shares of IGM Financial in a report on Wednesday, July 15th. Royal Bank Of Canada restated a “sector perform” rating on shares of IGM Financial in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of IGM Financial in a report on Friday, July 31st. Finally, Scotiabank reiterated a “sector perform” rating on shares of IGM Financial in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
Get Our Latest Report on IGM Financial
IGM Financial Trading Up 0.3%
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.
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