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IGM Financial (TSE:IGM) Shares Cross Above 200 Day Moving Average - Here's Why

IGM Financial logo with Financial Services background
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Shares of IGM Financial Inc. (TSE:IGM - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$43.50 and traded as high as C$44.89. IGM Financial shares last traded at C$44.74, with a volume of 202,538 shares traded.

Analyst Ratings Changes

A number of research firms have recently issued reports on IGM. TD Securities increased their price objective on shares of IGM Financial from C$51.00 to C$56.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. BMO Capital Markets upped their target price on shares of IGM Financial from C$47.00 to C$48.00 in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$50.29.

View Our Latest Report on IGM

IGM Financial Stock Up 1.9 %

The company has a debt-to-equity ratio of 97.24, a quick ratio of 0.31 and a current ratio of 3.61. The company has a market cap of C$10.68 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53. The stock's fifty day moving average is C$45.11 and its two-hundred day moving average is C$43.64.

About IGM Financial

(Get Free Report)

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.

Further Reading

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