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

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

IGIFF has been the topic of several recent research reports. TD Securities reaffirmed a “buy” rating on shares of IGM Financial in a research note on Monday, May 11th. Scotiabank reissued a “sector perform” rating on shares of IGM Financial in a research report on Thursday, July 30th. BMO Capital Markets restated a “market perform” rating on shares of IGM Financial in a report on Wednesday, July 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of IGM Financial in a research report on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of IGM Financial in a research note on Friday, July 31st.

IGM Financial Price Performance

Shares of OTCMKTS:IGIFF opened at $64.19 on Friday. The stock has a 50 day moving average price of $59.02 and a 200-day moving average price of $53.87. IGM Financial has a 52-week low of $34.66 and a 52-week high of $65.05.

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.