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

IGM Financial Inc. (OTCMKTS:IGIFF) has been given a consensus recommendation of “Hold” by the nine analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $48.56.

A number of analysts have weighed in on IGIFF shares. BMO Capital Markets increased their target price on shares of IGM Financial from $44.00 to $47.00 and gave the company a “market perform” rating in a research report on Monday, May 10th. TD Securities raised their price objective on shares of IGM Financial from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, May 10th. Canaccord Genuity raised their price objective on shares of IGM Financial from $39.50 to $44.00 and gave the stock a “buy” rating in a research report on Friday, March 26th. Royal Bank of Canada raised their price objective on shares of IGM Financial from $44.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Friday, May 7th. Finally, Barclays raised their price objective on shares of IGM Financial from $34.00 to $41.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 4th.

OTCMKTS:IGIFF traded up $1.34 on Thursday, reaching $35.24. 205 shares of the stock traded hands, compared to its average volume of 4,135. The firm has a 50 day moving average of $36.13. IGM Financial has a 1-year low of $21.75 and a 1-year high of $37.59.

The firm also recently announced a dividend, which will be paid on Friday, July 30th. Stockholders of record on Wednesday, June 30th will be paid a dividend of $1.8522 per share. This represents a dividend yield of 5.11%. This is a boost from IGM Financial’s previous dividend of $1.77. The ex-dividend date of this dividend is Tuesday, June 29th.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management, Asset Management, and Strategic Investments and Other segments. The company offers financial advisory services; IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program; IG Wealth Management Advisor Portal, a customer relationship management platform; and IG Wealth Management's dealer platform, which provides increased automation and supports both MFDA and IIROC licensed advisors, as well as new products on its investment dealer platform.

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Analyst Recommendations for IGM Financial (OTCMKTS:IGIFF)

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