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

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

Several other equities research analysts have also weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of IGM Financial from C$80.00 to C$89.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce lifted their target price on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. National Bank Financial upped their target price on IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a report on Monday, July 27th. TD increased their price target on IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Scotiabank raised their price target on IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$84.00.

IGM Financial Stock Performance

IGM stock traded up C$0.83 during trading on Thursday, hitting C$82.91. 338,075 shares of the company’s stock traded hands, compared to its average volume of 449,485. The company has a quick ratio of 0.31, a current ratio of 1.28 and a debt-to-equity ratio of 82.59. IGM Financial has a 52 week low of C$53.14 and a 52 week high of C$92.01. The stock has a fifty day moving average price of C$85.39 and a two-hundred day moving average price of C$81.43. The stock has a market capitalization of C$19.14 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 4.09 and a beta of 0.83.

IGM Financial (TSE:IGM) last issued its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. The company had revenue of C$1.07 million for the quarter. As a group, equities analysts anticipate that IGM Financial will post 4.01 EPS for the current fiscal year.

Insider Buying and Selling at IGM Financial

In other IGM Financial news, Director J. Luke Gould sold 6,900 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of C$87.97, for a total value of C$606,993.00. Also, insider Rhonda Goldberg sold 2,599 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of C$86.76, for a total transaction of C$225,489.24. Following the completion of the transaction, the insider owned 3,453 shares of the company’s stock, valued at approximately C$299,582.28. This trade represents a 42.94% decrease in their position. Insiders sold 44,658 shares of company stock valued at $4,005,757 in the last ninety days. Company 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.