IGM Financial (TSE:IGM) Stock Price Expected to Rise, Canadian Imperial Bank of Commerce Analyst Says

IGM Financial (TSE:IGM) had its price target raised by Canadian Imperial Bank of Commerce from C$79.00 to C$85.00 in a research note issued to investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target indicates a potential upside of 1.57% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. National Bank Financial lifted their price target on shares of IGM Financial from C$82.00 to C$85.00 in a report on Wednesday, April 29th. Scotiabank boosted their target price on shares of IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. BMO Capital Markets upped their price target on shares of IGM Financial from C$68.00 to C$72.00 in a report on Wednesday, April 29th. Finally, TD raised their price objective on IGM Financial from C$80.00 to C$86.00 and gave the company a “buy” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$74.88.

IGM Financial Price Performance

Shares of IGM traded up C$2.46 during midday trading on Friday, hitting C$83.69. The company’s stock had a trading volume of 261,209 shares, compared to its average volume of 465,748. IGM Financial has a one year low of C$42.13 and a one year high of C$84.41. The company’s fifty day simple moving average is C$78.74 and its two-hundred day simple moving average is C$70.79. The company has a quick ratio of 0.31, a current ratio of 1.36 and a debt-to-equity ratio of 81.91. The stock has a market capitalization of C$19.45 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03.

IGM Financial (TSE:IGM) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share for the quarter. The business had revenue of C$1.00 million during the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%. As a group, equities analysts expect that IGM Financial will post 4.006816 earnings per share for the current fiscal year.

Insider Buying and Selling

In other IGM Financial news, Director J. Luke Gould sold 11,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of C$78.40, for a total transaction of C$862,400.00. Following the completion of the sale, the director owned 8,850 shares in the company, valued at approximately C$693,840. The trade was a 55.42% decrease in their position. Also, insider Rhonda Goldberg sold 3,347 shares of IGM Financial stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$77.10, for a total transaction of C$258,053.70. Following the transaction, the insider owned 6,052 shares of the company’s stock, valued at C$466,609.20. This represents a 35.61% decrease in their ownership of the stock. Insiders have sold a total of 144,039 shares of company stock worth $11,327,486 in the last ninety days. Corporate insiders own 66.58% of the company’s stock.

About IGM Financial

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.