IGM Financial (TSE:IGM) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

IGM Financial Inc. (TSE:IGM)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$44.02 and traded as high as C$44.80. IGM Financial shares last traded at C$44.52, with a volume of 903,985 shares.

Wall Street Analyst Weigh In

IGM has been the subject of a number of recent research reports. TD Securities increased their price objective on IGM Financial from C$51.00 to C$56.00 and gave the company a “buy” rating in a research report on Monday, February 10th. BMO Capital Markets increased their price target on IGM Financial from C$47.00 to C$48.00 in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, IGM Financial presently has an average rating of “Moderate Buy” and an average price target of C$50.29.

IGM Financial Stock Down 0.7 %

The firm has a 50-day moving average of C$44.82 and a two-hundred day moving average of C$44.02. The stock has a market capitalization of C$10.62 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53. The company has a quick ratio of 0.31, a current ratio of 3.61 and a debt-to-equity ratio of 97.24.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.