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

IGM Financial Inc. (TSE:IGM) shares crossed 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 traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. TD Securities upped their price target on shares of IGM Financial from C$51.00 to C$56.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. BMO Capital Markets upped their target price on shares of IGM Financial from C$47.00 to C$48.00 in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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 price of C$44.97 and a 200-day moving average price of C$43.75. The company has a market cap of C$10.41 billion, a P/E ratio of 11.19, a PEG ratio of 4.09 and a beta of 1.53. The company has a quick ratio of 0.31, a current ratio of 3.61 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.