IGM Financial (TSE:IGM) Raised to Outperform at BMO Capital Markets

IGM Financial (TSE:IGM) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, BayStreet reports. The brokerage presently has a C$96.00 target price on the financial services provider’s stock, up from their prior target price of C$83.00. BMO Capital Markets‘s target price would indicate a potential upside of 15.79% from the company’s previous close.

IGM has been the subject of a number of other reports. TD upped their price target on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Scotiabank raised their price objective 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, July 30th. National Bank Financial raised their price objective 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, July 27th. Royal Bank Of Canada boosted their target price on IGM Financial from C$80.00 to C$89.00 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce upped their target price on IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, IGM Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$84.00.

IGM Financial Stock Performance

Shares of TSE IGM traded up C$0.83 during midday trading on Thursday, reaching C$82.91. 338,075 shares of the company traded hands, compared to its average volume of 449,485. IGM Financial has a 52 week low of C$53.14 and a 52 week high of C$92.01. The stock has a 50-day moving average price of C$85.39 and a 200 day moving average price of C$81.43. The company has a debt-to-equity ratio of 82.59, a current ratio of 1.28 and a quick ratio of 0.31. The company has a market cap of C$19.14 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 4.09 and a beta of 0.83.

IGM Financial (TSE:IGM) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share for the quarter. The business had revenue of C$1.07 million during the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. Sell-side analysts anticipate that IGM Financial will post 4.01 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Damon Murchison sold 7,300 shares of IGM Financial stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of C$90.95, for a total value of C$663,935.00. Following the transaction, the director owned 2,835 shares of the company’s stock, valued at C$257,843.25. The trade was a 72.03% decrease in their position. Also, Director J. Luke Gould sold 6,900 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of C$87.97, for a total transaction of C$606,993.00. In the last quarter, insiders sold 44,658 shares of company stock worth $4,005,757. Corporate 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.