IGM Financial Inc. (OTCMKTS:IGIFF) Given Average Recommendation of “Hold” by Brokerages

IGM Financial Inc. (OTCMKTS:IGIFF) has received a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several equities analysts have recently weighed in on IGIFF shares. TD Securities reiterated a “buy” rating on shares of IGM Financial in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of IGM Financial in a report on Friday, July 31st. BMO Capital Markets restated a “market perform” rating on shares of IGM Financial in a research note on Wednesday, July 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of IGM Financial in a report on Friday, July 31st. Finally, Scotiabank reiterated a “sector perform” rating on shares of IGM Financial in a research report on Thursday, July 30th.

IGM Financial Price Performance

Shares of IGIFF stock opened at $63.95 on Friday. The company’s fifty day simple moving average is $58.32 and its two-hundred day simple moving average is $53.31. IGM Financial has a 1 year low of $33.59 and a 1 year high of $65.05.

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.