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

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

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

IGM Financial Trading Down 1.1%

IGIFF opened at $62.33 on Tuesday. The company’s 50-day moving average price is $60.38 and its 200 day moving average price is $55.08. IGM Financial has a fifty-two week low of $35.15 and a fifty-two week 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.