IGM Financial (TSE:IGM) Upgraded to Moderate Buy at Royal Bank Of Canada

Posted by George Bondi on Nov 10th, 2026

Royal Bank Of Canada upgraded shares of IGM Financial (TSE:IGM – Free Report) from a hold rating to a moderate buy rating in a report issued on Monday morning,Zacks reports.

Several other research firms also recently weighed in on IGM. Desjardins boosted their price target on shares of IGM Financial from C$93.00 to C$94.00 and gave the stock a “buy” rating in a research note on Monday. Scotiabank raised their price objective on IGM Financial from C$84.00 to C$87.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Scotia raised their price objective on IGM Financial from C$88.00 to C$90.00 and gave the company a “sector perform” rating in a research note on Monday. National Bank Financial lifted their price objective on IGM Financial from C$92.00 to C$94.00 and gave the stock an “outperform” rating in a report on Monday. Finally, BMO Capital Markets upgraded IGM Financial from a “hold” rating to an “outperform” rating and boosted their price objective for the company from C$83.00 to C$96.00 in a research report on Thursday, October 22nd. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$89.44.

Read Our Latest Report on IGM Financial

IGM Financial Trading Up 6.3%

Shares of IGM opened at C$86.51 on Monday. The firm has a market cap of C$19.77 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 4.09 and a beta of 0.67. The company has a debt-to-equity ratio of 82.59, a quick ratio of 0.31 and a current ratio of 1.28. IGM Financial has a fifty-two week low of C$54.42 and a fifty-two week high of C$92.01. The firm has a 50 day moving average price of C$83.99 and a 200-day moving average price of C$77.67.

IGM Financial (TSE:IGM – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The financial services provider reported C$1.51 earnings per share (EPS) for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. The company had revenue of C$1.32 billion during the quarter. As a group, equities research analysts forecast that IGM Financial will post 4.01 earnings per share for the current year.

IGM Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 30th were issued a $0.62 dividend. The ex-dividend date was Monday, September 28th. This represents a $2.48 annualized dividend and a yield of 2.9%. IGM Financial’s payout ratio is 47.87%.

Insider Activity

In related news, Director J. Luke Gould sold 6,900 shares of the business’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of C$87.97, for a total transaction of C$606,993.00. Insiders have sold a total of 9,960 shares of company stock worth $876,221 in the last 90 days. 66.58% of the stock is owned by insiders.

About IGM Financial

(Get Free Report)

Mackenzie Investments (“Mackenzie”) is a Canadian investment management firm with approximately $244 billion (CAD) in assets under management as of December 31, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London.