Scotia Forecasts Strong Price Appreciation for IGM Financial (TSE:IGM) Stock

IGM Financial (TSE:IGM) had its target price hoisted by equities research analysts at Scotia from C$88.00 to C$90.00 in a research note issued to investors on Monday, BayStreet reports. The brokerage currently has a “sector perform” rating on the financial services provider’s stock. Scotia‘s target price suggests a potential upside of 4.58% from the company’s current price.

IGM has been the topic of a number of other reports. Royal Bank Of Canada lifted their price objective on IGM Financial from C$80.00 to C$89.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. TD upped their target price on IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Desjardins raised their price target on IGM Financial from C$93.00 to C$94.00 and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets raised IGM Financial from a “hold” rating to an “outperform” rating and raised their price target for the stock from C$83.00 to C$96.00 in a research note on Thursday, October 22nd. Finally, National Bank Financial lifted their price target on shares of IGM Financial from C$92.00 to C$94.00 and gave the company an “outperform” rating in a report on Monday. 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.com, IGM Financial currently has an average rating of “Moderate Buy” and an average target price of C$89.44.

IGM Financial Trading Up 5.7%

Shares of TSE IGM traded up C$4.67 during trading hours on Monday, hitting C$86.06. The company’s stock had a trading volume of 240,227 shares, compared to its average volume of 445,643. IGM Financial has a 12 month low of C$54.42 and a 12 month high of C$92.01. The stock has a market cap of C$19.67 billion, a price-to-earnings ratio of 17.42, a P/E/G 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. The business has a 50-day simple moving average of C$84.01 and a 200-day simple moving average of C$77.58.

IGM Financial (TSE:IGM) last released its quarterly earnings results on Thursday, November 5th. The financial services provider reported C$1.51 EPS for the quarter. The business 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%. On average, analysts anticipate that IGM Financial will post 4.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other IGM Financial news, Director J. Luke Gould sold 900 shares of IGM Financial stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of C$87.99, for a total transaction of C$79,191.00. Over the last quarter, insiders sold 9,960 shares of company stock worth $876,221. Insiders own 66.58% of the company’s stock.

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.