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

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

Several equities research analysts recently commented on IGIFF shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of IGM Financial in a research note on Wednesday. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of IGM Financial in a research note on Friday, July 10th. Royal Bank Of Canada restated a “sector perform” rating on shares of IGM Financial in a report on Monday, May 11th. Scotiabank reaffirmed a “sector perform” rating on shares of IGM Financial in a research report on Tuesday, April 28th. Finally, TD Securities reaffirmed a “buy” rating on shares of IGM Financial in a research report on Monday, May 11th.

IGM Financial Price Performance

IGM Financial stock opened at $60.91 on Monday. The firm’s 50 day simple moving average is $56.92 and its 200-day simple moving average is $51.76. IGM Financial has a fifty-two week low of $32.00 and a fifty-two week high of $62.00.

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.