TD Raises IGM Financial (TSE:IGM) Price Target to C$94.00

IGM Financial (TSE:IGM) had its price target boosted by investment analysts at TD from C$92.00 to C$94.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. TD’s target price points to a potential upside of 8.22% from the stock’s current price.

Several other research firms have also issued reports on IGM. BMO Capital Markets upped their price target on IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. Royal Bank Of Canada lifted their price objective on shares of IGM Financial from C$77.00 to C$80.00 and gave the stock a “sector perform” rating in a report on Monday, July 13th. Scotiabank boosted their target price on shares of IGM Financial from C$84.00 to C$87.00 and gave the company a “sector perform” rating in a research note on Thursday. National Bank Financial boosted their target price on shares of IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of IGM Financial from C$79.00 to C$85.00 in a report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$80.88.

IGM Financial Stock Up 6.0%

IGM Financial stock traded up C$4.93 during midday trading on Thursday, hitting C$86.86. The stock had a trading volume of 438,397 shares, compared to its average volume of 463,921. The business has a fifty day moving average price of C$80.83 and a 200 day moving average price of C$72.93. IGM Financial has a 12 month low of C$44.69 and a 12 month high of C$87.99. The stock has a market cap of C$20.19 billion, a P/E ratio of 17.87, a P/E/G ratio of 4.09 and a beta of 1.03. The company has a current ratio of 1.36, a quick ratio of 0.31 and a debt-to-equity ratio of 81.91.

IGM Financial (TSE:IGM) last released its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 EPS for the quarter. The company had revenue of C$1.07 million for the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%. Research analysts predict that IGM Financial will post 4.006816 EPS for the current year.

Insider Buying and Selling at IGM Financial

In other news, Director James Patrick O’sullivan sold 700 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$77.90, for a total transaction of C$54,530.00. Following the sale, the director directly owned 93,248 shares in the company, valued at approximately C$7,264,019.20. This represents a 0.75% decrease in their position. In the last 90 days, insiders sold 144,039 shares of company stock worth $11,327,486. 66.58% of the stock is currently owned by corporate insiders.

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.