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

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

Several equities analysts have commented on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of IGM Financial in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of IGM Financial in a research note on Wednesday, April 29th. TD Securities reiterated a “buy” rating on shares of IGM Financial in a report on Tuesday, February 17th. BMO Capital Markets reiterated a “market perform” rating on shares of IGM Financial in a research note on Wednesday, April 29th. Finally, Scotiabank reissued a “sector perform” rating on shares of IGM Financial in a report on Tuesday, April 28th.

IGM Financial Stock Performance

Shares of OTCMKTS IGIFF opened at $56.52 on Wednesday. IGM Financial has a fifty-two week low of $28.83 and a fifty-two week high of $56.83. The firm’s 50-day simple moving average is $49.80 and its 200 day simple moving average is $45.89.

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.