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

IGM Financial (TSE:IGM) was upgraded by equities researchers at BMO Capital Markets from a “hold” rating to an “outperform” rating in a report released on Thursday, Marketbeat reports. The brokerage presently has a C$96.00 price target on the financial services provider’s stock, up from their prior price target of C$83.00. BMO Capital Markets‘s price objective would suggest a potential upside of 15.79% from the company’s current price.

A number of other equities analysts also recently commented on the company. Royal Bank Of Canada lifted their price target on 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 upped their price objective on IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. Scotiabank increased their target price 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. National Bank Financial lifted their target price on IGM Financial from C$85.00 to C$91.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, TD lifted their target price 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. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$84.00.

IGM Financial Trading Up 1.0%

IGM opened at C$82.91 on Thursday. IGM Financial has a 12-month low of C$53.14 and a 12-month high of C$92.01. 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 stock has a market capitalization of C$19.14 billion, a PE ratio of 16.78, a P/E/G ratio of 4.09 and a beta of 0.83. The firm’s fifty day moving average price is C$85.26 and its 200 day moving average price is C$81.54.

IGM Financial (TSE:IGM) last announced its quarterly earnings data 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 during the quarter. As a group, research analysts expect that IGM Financial will post 4.01 EPS for the current fiscal year.

Insider Activity

In related news, Director Damon Murchison sold 7,300 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of C$90.95, for a total transaction of C$663,935.00. Following the completion of the sale, the director owned 2,835 shares of the company’s stock, valued at C$257,843.25. This represents a 72.03% decrease in their position. Also, insider Rhonda Goldberg sold 2,599 shares of the 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 sale, the insider owned 3,453 shares in the company, valued at approximately C$299,582.28. This trade represents a 42.94% decrease in their position. In the last three months, insiders sold 44,658 shares of company stock valued at $4,005,757. 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.