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IGM Financial (TSE:IGM) Stock Price Passes Above 200 Day Moving Average - What's Next?

IGM Financial logo with Financial Services background
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IGM Financial Inc. (TSE:IGM - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$43.75 and traded as high as C$43.89. IGM Financial shares last traded at C$43.67, with a volume of 342,152 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of IGM Financial from C$47.00 to C$48.00 in a report on Monday, February 10th. TD Securities raised their price target 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. Two equities 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 stock has an average rating of "Moderate Buy" and a consensus target price of C$50.29.

Check Out Our Latest Analysis on IGM Financial

IGM Financial Stock Performance

The stock has a market cap of C$10.59 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 4.09 and a beta of 1.53. The firm has a fifty day simple moving average of C$44.88 and a 200 day simple moving average of C$43.83. The company has a current ratio of 3.61, a quick ratio of 0.31 and a debt-to-equity ratio of 97.24.

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.

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