IGM Financial (TSE:IGM) Reaches New 12-Month High on Analyst Upgrade

IGM Financial Inc. (TSE:IGM)’s stock price hit a new 52-week high on Thursday after National Bank Financial raised their price target on the stock from C$82.00 to C$85.00. The stock traded as high as C$75.04 and last traded at C$74.88, with a volume of 143665 shares traded. The stock had previously closed at C$73.23.

Several other brokerages have also weighed in on IGM. Royal Bank Of Canada lifted their price objective on IGM Financial from C$51.00 to C$65.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. TD Securities lifted their price objective on IGM Financial from C$73.00 to C$76.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Scotiabank lifted their price objective on IGM Financial from C$69.00 to C$76.00 in a report on Tuesday. 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. Finally, BMO Capital Markets boosted their price target on IGM Financial from C$68.00 to C$72.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, IGM Financial currently has a consensus rating of “Hold” and an average price target of C$72.00.

Insider Transactions at IGM Financial

In other IGM Financial news, Director James Patrick O’sullivan sold 25,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 38,229 shares of the company’s stock, valued at approximately C$2,627,479.17. The trade was a 39.54% decrease in their ownership of the stock. Insiders sold 92,400 shares of company stock valued at $6,306,649 over the last ninety days. 66.58% of the stock is currently owned by insiders.

IGM Financial Trading Up 2.5%

The company has a debt-to-equity ratio of 82.52, a current ratio of 4.55 and a quick ratio of 0.31. The stock has a market capitalization of C$17.58 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 4.09 and a beta of 0.90. The business has a 50 day simple moving average of C$67.96 and a 200-day simple moving average of C$62.98.

IGM Financial (TSE:IGM) last posted its earnings results on Thursday, February 12th. The financial services provider reported C$1.27 earnings per share (EPS) for the quarter. IGM Financial had a return on equity of 13.03% and a net margin of 28.81%.The firm had revenue of C$1.05 billion during the quarter. As a group, equities analysts expect that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

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.