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

IGM Financial (TSE:IGM) had its price objective upped by equities researchers at TD from C$80.00 to C$86.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the financial services provider’s stock. TD’s price target suggests a potential upside of 10.88% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. National Bank Financial lifted their price objective on IGM Financial from C$82.00 to C$85.00 in a report on Wednesday, April 29th. TD Securities lifted their price objective on IGM Financial from C$73.00 to C$76.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce lifted their price objective on IGM Financial from C$68.00 to C$76.00 in a report on Wednesday, April 29th. Royal Bank Of Canada lifted their price objective on IGM Financial from C$51.00 to C$65.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Finally, BMO Capital Markets boosted their target price on IGM Financial from C$68.00 to C$72.00 in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, IGM Financial presently has an average rating of “Hold” and a consensus price target of C$73.75.

IGM Financial Stock Up 0.5%

Shares of TSE:IGM traded up C$0.42 during trading on Monday, hitting C$77.56. 298,559 shares of the company’s stock traded hands, compared to its average volume of 480,265. IGM Financial has a 52 week low of C$42.13 and a 52 week high of C$77.62. 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 market cap of C$18.17 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 4.09 and a beta of 0.97. The company has a 50-day moving average price of C$68.67 and a 200-day moving average price of C$63.70.

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

Insider Buying and Selling

In other IGM Financial news, Director James Patrick O’sullivan sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of C$68.35, for a total value of C$191,380.00. Following the sale, the director owned 134,329 shares in the company, valued at approximately C$9,181,387.15. The trade was a 2.04% decrease in their position. In the last quarter, insiders sold 92,400 shares of company stock valued at $6,306,649. 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.