IGM Financial (TSE:IGM – Get Free Report) had its price objective boosted by research analysts at National Bank Financial from C$92.00 to C$94.00 in a note issued to investors on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. National Bank Financial‘s price objective would suggest a potential upside of 9.23% from the company’s current price.
IGM has been the subject of a number of other research reports. Desjardins set a C$93.00 price target on shares of IGM Financial and gave the company a “buy” rating in a report on Tuesday, October 27th. BMO Capital Markets raised shares of IGM Financial from a “hold” rating to an “outperform” rating and boosted their price objective for the stock from C$83.00 to C$96.00 in a report on Thursday, October 22nd. TD upped their target price on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Scotiabank upped their target price on shares of IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada increased their target price on shares of IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, IGM Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$89.44.
Check Out Our Latest Research Report on IGM Financial
IGM Financial Price Performance
IGM stock traded up C$4.67 on Monday, reaching C$86.06. 240,227 shares of the company’s stock were exchanged, compared to its average volume of 445,643. The stock has a fifty day moving average of C$84.01 and a 200-day moving average of C$77.58. IGM Financial has a twelve month low of C$54.42 and a twelve month high of C$92.01. The firm has a market cap of C$19.67 billion, a PE ratio of 17.42, a P/E/G ratio of 4.09 and a beta of 0.67. The company has a quick ratio of 0.31, a current ratio of 1.28 and a debt-to-equity ratio of 82.59.
IGM Financial (TSE:IGM – Get Free Report) last released its earnings results on Thursday, November 5th. The financial services provider reported C$1.51 EPS for the quarter. The company had revenue of C$1.32 billion during the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%. As a group, equities analysts predict that IGM Financial will post 4.01 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director J. Luke Gould sold 900 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of C$87.99, for a total value of C$79,191.00. Insiders sold a total of 9,960 shares of company stock valued at $876,221 over the last quarter. 66.58% of the stock is currently owned by corporate insiders.
IGM Financial Company Profile
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.
Read More
- Five stocks we like better than IGM Financial
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
- Want to Escape the AI Sell-Off? This ETF Offers a Surprising Alternative
Receive News & Ratings for IGM Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IGM Financial and related companies with MarketBeat.com's FREE daily email newsletter.
