IGM Financial (TSE:IGM) Stock Price Target Raised at Desjardins

IGM Financial (TSE:IGM) had its target price hoisted by analysts at Desjardins from C$93.00 to C$94.00 in a research note issued to investors on Monday, BayStreet reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Desjardins‘s price target indicates a potential upside of 9.23% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. TD increased their price target 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 lifted their price objective on IGM Financial from C$92.00 to C$94.00 and gave the stock an “outperform” rating in a research note on Monday. Scotiabank upped their price objective on IGM Financial from C$84.00 to C$87.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. BMO Capital Markets raised IGM Financial from a “hold” rating to an “outperform” rating and increased their target price for the company from C$83.00 to C$96.00 in a research note on Thursday, October 22nd. Finally, Royal Bank Of Canada raised their target price on IGM Financial from C$80.00 to C$89.00 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, IGM Financial presently has an average rating of “Moderate Buy” and an average target price of C$89.44.

IGM Financial Trading Up 5.7%

Shares of IGM traded up C$4.67 on Monday, reaching C$86.06. 240,227 shares of the company’s stock were exchanged, compared to its average volume of 445,643. The business has a 50 day moving average price of C$84.01 and a two-hundred day moving average price of C$77.58. IGM Financial has a 12 month low of C$54.42 and a 12 month high of C$92.01. The stock has a market capitalization of C$19.67 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 4.09 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 82.59.

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

Insiders Place Their Bets

In other news, Director J. Luke Gould sold 900 shares of IGM Financial stock in a transaction on Friday, September 18th. The shares were sold at an average price of C$87.99, for a total transaction of C$79,191.00. Insiders have sold 9,960 shares of company stock valued at $876,221 in the last quarter. 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.