IGM Financial (TSE:IGM) Price Target Raised to C$85.00 at National Bank Financial

IGM Financial (TSE:IGM) had its price target raised by equities researchers at National Bank Financial from C$82.00 to C$85.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. National Bank Financial’s price objective indicates a potential upside of 16.07% from the company’s current price.

A number of other equities research analysts also recently commented on the stock. Canadian Imperial Bank of Commerce lifted their target price on shares of IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday. Royal Bank Of Canada increased their price target 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. Scotiabank raised their price target on IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday. TD Securities raised their price target 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. Finally, BMO Capital Markets raised their price target on IGM Financial from C$68.00 to C$72.00 in a research note on Wednesday. Two research 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 has a consensus rating of “Hold” and an average price target of C$72.00.

IGM Financial Stock Up 0.0%

IGM traded up C$0.02 during trading on Wednesday, hitting C$73.23. 422,887 shares of the company’s stock traded hands, compared to its average volume of 483,534. The stock has a market capitalization of C$17.15 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 4.09 and a beta of 0.90. The company’s 50 day simple moving average is C$67.84 and its two-hundred day simple moving average is C$62.90. IGM Financial has a 12-month low of C$42.13 and a 12-month high of C$74.92. The company has a current ratio of 4.55, a quick ratio of 0.31 and a debt-to-equity ratio of 82.52.

IGM Financial (TSE:IGM) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported C$1.27 earnings per share for the quarter. IGM Financial had a net margin of 28.81% and a return on equity of 13.03%. The firm had revenue of C$1.05 billion during the quarter. Analysts predict that IGM Financial will post 4.006816 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director James Patrick O’sullivan sold 25,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was 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 of the company’s stock, valued at approximately C$2,627,479.17. This trade represents a 39.54% decrease in their position. Over the last quarter, insiders sold 92,400 shares of company stock valued at $6,306,649. 66.58% of the stock is currently owned by company insiders.

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.