IGM Financial (TSE:IGM) Raised to “Moderate Buy” at Royal Bank Of Canada

IGM Financial (TSE:IGM) was upgraded by stock analysts at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research report issued on Monday, Zacks reports.

Other equities research analysts have also issued reports about the company. Scotia upped their price target on IGM Financial from C$88.00 to C$90.00 and gave the stock a “sector perform” rating in a research note on Monday. Scotiabank raised their price objective 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. TD lifted their price objective on IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. National Bank Financial boosted their target price on IGM Financial from C$92.00 to C$94.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Desjardins boosted their target price on IGM Financial from C$93.00 to C$94.00 and gave the stock a “buy” rating in a report on Monday. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$89.44.

IGM Financial Trading Up 6.3%

IGM stock opened at C$86.51 on Monday. The company has a quick ratio of 0.31, a current ratio of 1.28 and a debt-to-equity ratio of 82.59. The company has a market cap of C$19.77 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 4.09 and a beta of 0.67. The business has a fifty day simple moving average of C$83.99 and a 200-day simple moving average of C$77.67. IGM Financial has a 52 week low of C$54.42 and a 52 week high of C$92.01.

IGM Financial (TSE:IGM) last issued its earnings results on Thursday, November 5th. The financial services provider reported C$1.51 earnings per share for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%. The firm had revenue of C$1.32 billion for the quarter. On average, equities research analysts expect that IGM Financial will post 4.01 EPS for the current year.

Insider Buying and Selling

In other IGM Financial news, Director J. Luke Gould sold 6,900 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of C$87.97, for a total transaction of C$606,993.00. Insiders sold 9,960 shares of company stock valued at $876,221 over the last 90 days. Company insiders own 66.58% of the company’s stock.

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.