IGM Financial (TSE:IGM) Shares Cross Above Two Hundred Day Moving Average of $36.10
IGM Financial Inc. (TSE:IGM)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $36.10 and traded as high as $38.26. IGM Financial shares last traded at $38.15, with a volume of 115,100 shares changing hands.
A number of research firms recently issued reports on IGM. CIBC cut their price target on IGM Financial from C$44.00 to C$43.50 in a report on Friday, August 2nd. BMO Capital Markets lifted their price target on IGM Financial from C$40.00 to C$41.00 in a report on Friday, August 2nd. Finally, Canaccord Genuity lifted their price target on IGM Financial from C$35.00 to C$36.00 in a report on Friday, August 2nd.
The stock has a fifty day moving average of C$35.81 and a 200-day moving average of C$36.10. The company has a quick ratio of 0.48, a current ratio of 4.02 and a debt-to-equity ratio of 50.03. The firm has a market capitalization of $8.95 billion and a P/E ratio of 12.55.
About IGM Financial (TSE:IGM)
IGM Financial Inc, a financial services company, manages and distributes investment funds and other managed asset products in Canada. The company operates through Investors Group, Mackenzie Investments, and Corporate and Other segments. The company also offers financial planning services, including investment, tax, retirement, education, risk management, and estate planning; strategic investment planning tools; mutual funds; iProfile, a portfolio management program; and separately managed accounts and fee-based brokerage accounts.
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