IGM Financial (TSE:IGM) Stock Price Expected to Rise, TD Analyst Says

IGM Financial (TSE:IGM) had its target price raised by TD from C$80.00 to C$86.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. TD’s price target indicates a potential upside of 10.88% from the company’s current price.

A number of other brokerages have also recently issued reports on IGM. National Bank Financial upped their price objective on IGM Financial from C$82.00 to C$85.00 in a research note on Wednesday, April 29th. TD Securities upped their price objective on IGM Financial from C$73.00 to C$76.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. BMO Capital Markets increased their price target on IGM Financial from C$68.00 to C$72.00 in a research note on Wednesday, April 29th. Scotiabank raised their price target on IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$73.75.

IGM Financial Stock Up 0.5%

Shares of IGM Financial stock traded up C$0.42 on Monday, reaching C$77.56. 298,559 shares of the company were exchanged, compared to its average volume of 480,265. IGM Financial has a one year low of C$42.13 and a one year high of C$77.62. The company has a market capitalization of C$18.17 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 4.09 and a beta of 0.97. The company has a current ratio of 1.36, a quick ratio of 0.31 and a debt-to-equity ratio of 81.91. The company has a 50-day moving average of C$68.67 and a 200 day moving average of C$63.70.

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 (EPS) for the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%.The company had revenue of C$1.00 million for the quarter. On average, equities research analysts forecast that IGM Financial will post 4.006816 earnings per share for the current year.

Insider Activity at IGM Financial

In other IGM Financial news, Director James Patrick O’sullivan sold 25,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of C$68.73, for a total value of C$1,718,250.00. Following the transaction, the director directly owned 38,229 shares in the company, valued at C$2,627,479.17. The trade was a 39.54% decrease in their ownership of the stock. Insiders have sold 92,400 shares of company stock valued at $6,306,649 in the last 90 days. 66.58% of the stock is owned by 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.