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

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

Several equities analysts have issued reports on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of IGM Financial in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of IGM Financial in a report on Friday, July 31st. Royal Bank Of Canada reissued a “sector perform” rating on shares of IGM Financial in a research 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. Finally, TD Securities reaffirmed a “buy” rating on shares of IGM Financial in a research report on Monday, May 11th.

IGM Financial Stock Performance

OTCMKTS IGIFF opened at $63.30 on Tuesday. IGM Financial has a 52 week low of $35.98 and a 52 week high of $65.05. The company has a 50 day moving average price of $61.18 and a 200 day moving average price of $55.63.

IGM Financial Company Profile

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.