National Bank Financial Issues Positive Forecast for IGM Financial (TSE:IGM) Stock Price

IGM Financial (TSE:IGM) had its price target hoisted by National Bank Financial from C$82.00 to C$85.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

A number of other analysts have also recently issued reports on IGM. 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 research report on Tuesday, February 17th. Royal Bank Of Canada raised their price target on IGM Financial from C$51.00 to C$65.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. BMO Capital Markets lifted their price target on IGM Financial from C$68.00 to C$72.00 in a report on Wednesday. Scotiabank increased their price objective on IGM Financial from C$69.00 to C$76.00 in a report on Tuesday. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of IGM Financial from C$68.00 to C$76.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, IGM Financial presently has an average rating of “Hold” and a consensus price target of C$72.00.

IGM Financial Stock Performance

Shares of IGM stock opened at C$73.23 on Wednesday. The company has a market capitalization of C$17.15 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 4.09 and a beta of 0.90. IGM Financial has a 1-year low of C$42.13 and a 1-year 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. The stock’s fifty day simple moving average is C$67.96 and its 200-day simple moving average is C$62.98.

IGM Financial (TSE:IGM) last announced its quarterly earnings data on Thursday, February 12th. The financial services provider reported C$1.27 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. On average, sell-side analysts predict that IGM Financial will post 4.006816 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other IGM Financial news, Director James Patrick O’sullivan sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of C$68.73, for a total transaction 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. This trade represents a 39.54% decrease in their ownership of the stock. Insiders sold 92,400 shares of company stock worth $6,306,649 in the last 90 days. 66.58% of the stock is owned by company insiders.

Key IGM Financial News

Here are the key news stories impacting IGM Financial this week:

• Positive Sentiment: National Bank Financial raised its price target to C$85.00 (about a 16.1% upside vs. C$73.23), the largest constructive revision and the clearest catalyst for further upside in IGM’s shares. BayStreet.CA
• Positive Sentiment: Canadian Imperial Bank of Commerce lifted its target to C$76.00 (roughly 3.8% above the current level), signaling modest analyst confidence in IGM’s earnings and AUM-driven fee revenue. BayStreet.CA
• Positive Sentiment: Scotiabank increased its target to C$76.00 (also ~3.8% upside), reinforcing the peer-group view that IGM’s fundamentals and margin profile merit slightly higher valuations. BayStreet.CA
• Neutral Sentiment: A Yahoo Finance piece highlighted IGM as one of two TSX names that could perform if the Bank of Canada holds rates steady — a macro scenario that would support asset-gathering and fee income but depends on BoC action and flows. This is contextually supportive but not a direct company update. 2 TSX Stocks That Could Shine if the Bank of Canada Holds Rates Steady
• Negative Sentiment: BMO Capital Markets raised its target to C$72.00, which remains below the current trading level (about a 1.7% implied downside), indicating at least one analyst sees limited near-term upside or higher risk to achieving consensus forecasts. BayStreet.CA

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.