IGM Financial (OTCMKTS:IGIFF) Stock Crosses Above 50-Day Moving Average – Should You Sell?

IGM Financial Inc. (OTCMKTS:IGIFF)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $47.02 and traded as high as $48.98. IGM Financial shares last traded at $48.98, with a volume of 8,453 shares traded.

Analyst Ratings Changes

Several equities analysts have commented on IGIFF shares. BMO Capital Markets reissued a “market perform” rating on shares of IGM Financial in a research report on Monday, January 26th. TD Securities reiterated a “buy” rating on shares of IGM Financial in a report on Tuesday. National Bank Financial reissued an “outperform” rating on shares of IGM Financial in a research report on Monday, October 27th. Scotiabank reaffirmed a “sector perform” rating on shares of IGM Financial in a research report on Friday, January 30th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of IGM Financial in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

IGM Financial Price Performance

The company has a 50 day simple moving average of $47.02 and a 200-day simple moving average of $41.01.

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.