IGM Financial (TSE:IGM) Shares Cross Above Two Hundred Day Moving Average - What's Next?

IGM Financial Inc. (TSE:IGM - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Analyst Ratings Changes

Several brokerages have commented on IGM. TD Securities raised their target price on shares of IGM Financial from C$51.00 to C$56.00 and gave the stock a "buy" rating in a report on Monday, February 10th. BMO Capital Markets raised their price objective on shares of IGM Financial from C$47.00 to C$48.00 in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$50.29.

IGM Financial Stock Up 1.4 %

The business has a fifty day moving average price of C$44.85 and a two-hundred day moving average price of C$44.06. The company has a current ratio of 3.61, a quick ratio of 0.31 and a debt-to-equity ratio of 97.24. The company has a market cap of C$10.76 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 4.09 and a beta of 1.53.

About IGM Financial

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.