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

Shares of IGM Financial Inc. (OTCMKTS:IGIFF) have received a consensus rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

Several research analysts have recently weighed in on IGIFF shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of IGM Financial in a research report on Monday, May 11th. Scotiabank reiterated a “sector perform” rating on shares of IGM Financial in a report on Tuesday, April 28th. TD Securities reissued a “buy” rating on shares of IGM Financial in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of IGM Financial in a research report on Wednesday, April 29th. Finally, BMO Capital Markets restated a “market perform” rating on shares of IGM Financial in a research report on Wednesday, April 29th.

IGM Financial Stock Up 3.1%

OTCMKTS:IGIFF opened at $59.78 on Thursday. IGM Financial has a one year low of $31.16 and a one year high of $59.78. The stock has a 50 day moving average price of $55.32 and a 200 day moving average price of $49.73.

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.