IGM Financial Inc. (IGIFF) – What Are Investment Firms Saying About This Stock?

IGM Financial Inc. (OTCMKTS:IGIFF) has earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

A number of brokerages have recently issued reports on IGIFF. Royal Bank Of Canada reissued a “sector perform” rating on shares of IGM Financial in a research note on Friday, July 31st. Scotiabank restated a “sector perform” rating on shares of IGM Financial in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of IGM Financial in a research note on Friday, July 31st. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of IGM Financial in a report on Wednesday, July 15th.

IGM Financial Stock Up 0.6%

Shares of OTCMKTS:IGIFF opened at $57.80 on Wednesday. IGM Financial has a 1-year low of $38.17 and a 1-year high of $65.17. The firm’s 50 day simple moving average is $61.23 and its two-hundred day simple moving average is $58.28.

About IGM Financial

IGM Financial Inc is a Canadian wealth and asset management company that provides investment, financial planning and advisory services to individuals, families and institutions. The company operates primarily through IG Wealth Management, which offers comprehensive financial planning, investment products, insurance and retirement solutions through a network of financial consultants.

IGM Financial also owns Mackenzie Investments, an asset manager that provides mutual funds, exchange-traded funds, separately managed accounts and other investment solutions for retail and institutional clients.