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

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

A number of brokerages have commented on IGIFF. TD Securities reaffirmed a “buy” rating on shares of IGM Financial in a research report 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. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of IGM Financial in a research report on Monday, May 11th. BMO Capital Markets reaffirmed a “market perform” rating on shares of IGM Financial in a research report 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 Up 0.4%

Shares of IGIFF opened at $56.80 on Friday. The stock has a 50-day moving average of $52.54 and a two-hundred day moving average of $48.07. IGM Financial has a one year low of $31.16 and a one year high of $58.15.

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.