IGM Financial (TSE:IGM) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

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

Analyst Ratings Changes

A number of research firms have recently issued reports on IGM. TD Securities lifted their price target on shares of 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. BMO Capital Markets boosted their target price on IGM Financial from C$47.00 to C$48.00 in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, IGM Financial has an average rating of “Moderate Buy” and an average price target of C$50.29.

IGM Financial Stock Down 0.1 %

The company has a debt-to-equity ratio of 97.24, a current ratio of 3.61 and a quick ratio of 0.31. The firm has a 50-day simple moving average of C$44.86 and a two-hundred day simple moving average of C$44.35. The company has a market cap of C$10.62 billion, a PE ratio of 11.41, 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.