IGM Financial (OTCMKTS:IGIFF) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

IGM Financial Inc. (OTCMKTS:IGIFF) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Analyst Upgrades and Downgrades

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

IGM Financial Trading Up 1.9%

The business has a 50-day moving average price of $43.06 and a 200-day moving average price of $38.05.

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.