IGM Financial (OTCMKTS:IGIFF) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

IGM Financial Inc. (OTCMKTS:IGIFF)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $48.54 and traded as high as $54.19. IGM Financial shares last traded at $53.89, with a volume of 37,301 shares trading hands.

Wall Street Analysts Forecast Growth

IGIFF has been the topic of a number of recent analyst reports. Scotiabank reaffirmed a “sector perform” rating on shares of IGM Financial in a research report on Friday, January 30th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of IGM Financial in a research report on Tuesday, February 17th. BMO Capital Markets reissued a “market perform” rating on shares of IGM Financial in a report on Monday, January 26th. Finally, TD Securities reissued a “buy” rating on shares of IGM Financial in a report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

IGM Financial Stock Performance

The company has a 50-day moving average of $48.54 and a 200-day moving average of $44.55.

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.