IGM Financial Inc. (OTCMKTS:IGIFF – Get Rating) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $30.69 and traded as low as $29.83. IGM Financial shares last traded at $30.01, with a volume of 1,467 shares.
Analyst Ratings Changes
IGIFF has been the subject of several recent research reports. National Bank Financial lifted their price objective on IGM Financial from C$45.00 to C$48.00 in a report on Friday, February 10th. Royal Bank of Canada raised their target price on IGM Financial from C$43.00 to C$46.00 in a research note on Monday, February 13th. CIBC raised their target price on IGM Financial from C$44.00 to C$50.00 in a research note on Tuesday, January 24th. BMO Capital Markets raised their target price on IGM Financial from C$44.00 to C$45.00 in a research note on Friday, February 10th. Finally, Scotiabank raised their target price on IGM Financial from C$45.00 to C$47.00 in a research note on Friday, February 10th.
IGM Financial Stock Down 4.2 %
The firm has a 50 day simple moving average of $30.69 and a 200 day simple moving average of $28.57.
IGM Financial Cuts Dividend
IGM Financial Company Profile
IGM Financial, Inc operates as a financial services company, which engages in the management and distribution of mutual funds and other managed asset products. It operates through the following segments: Wealth Management, Asset Management, and Strategic Investments & Other. The Wealth Management segment reflects the activities of operating companies that are principally focused on providing financial planning and related services to Canadian households, which includes the activities of IG Wealth Management and Investment Planning Counsel.
- Get a free copy of the StockNews.com research report on IGM Financial (IGIFF)
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