IGM Financial (TSE:IGM) Share Price Crosses Above 200-Day Moving Average – What’s Next?

IGM Financial Inc. (TSE:IGM) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$44.27 and traded as high as C$44.36. IGM Financial shares last traded at C$44.26, with a volume of 409,405 shares traded.

Analysts Set New Price Targets

IGM has been the subject of several recent analyst reports. BMO Capital Markets lifted their target price on shares of IGM Financial from C$47.00 to C$48.00 in a research note on Monday, February 10th. TD Securities lifted 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$50.29.

IGM Financial Stock Down 0.1 %

The stock has a market cap 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 firm’s 50-day moving average is C$44.86 and its 200 day moving average is C$44.35. The company has a debt-to-equity ratio of 97.24, a current ratio of 3.61 and a quick ratio of 0.31.

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.