IGM Financial (TSE:IGM) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

IGM Financial Inc. (TSE:IGM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

Several brokerages recently issued reports on IGM. TD Securities increased their price target on IGM Financial from C$51.00 to C$56.00 and gave the company a “buy” rating in a report on Monday, February 10th. BMO Capital Markets increased their target price on 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$50.29.

IGM Financial Stock Performance

The company has a 50-day moving average of C$44.97 and a 200-day moving average of C$43.75. The firm has a market capitalization of C$10.41 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53. The company has a current ratio of 3.61, a quick ratio of 0.31 and a debt-to-equity ratio of 97.24.

IGM Financial Company Profile

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.