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

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

A number of equities analysts recently commented on IGIFF shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of IGM Financial in a research note on Friday, July 31st. Scotiabank restated a “sector perform” rating on shares of IGM Financial in a research note on Thursday, July 30th. BMO Capital Markets reaffirmed a “market perform” rating on shares of IGM Financial in a report on Wednesday, July 15th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of IGM Financial in a research report on Friday, July 31st. Finally, TD Securities reiterated a “buy” rating on shares of IGM Financial in a report on Monday, May 11th.

IGM Financial Stock Performance

Shares of IGM Financial stock opened at $62.33 on Tuesday. The firm’s 50-day simple moving average is $60.38 and its 200-day simple moving average is $55.08. IGM Financial has a 1 year low of $35.15 and a 1 year high of $65.05.

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.