Scotiabank Boosts IGM Financial (TSE:IGM) Price Target to C$87.00

IGM Financial (TSE:IGM) had its price target boosted by Scotiabank from C$84.00 to C$87.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. Scotiabank’s price target would indicate a potential upside of 0.16% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets upped their price objective on IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. TD boosted their price target on IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Royal Bank Of Canada upped their price target on IGM Financial from C$77.00 to C$80.00 and gave the company a “sector perform” rating in a report on Monday, July 13th. National Bank Financial lifted their price objective on IGM Financial from C$85.00 to C$91.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Canadian Imperial Bank of Commerce boosted their target price on IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, IGM Financial has a consensus rating of “Hold” and an average price target of C$80.88.

IGM Financial Stock Up 6.0%

TSE:IGM traded up C$4.93 on Thursday, reaching C$86.86. 438,397 shares of the stock traded hands, compared to its average volume of 463,921. The company has a current ratio of 1.36, a quick ratio of 0.31 and a debt-to-equity ratio of 81.91. The company has a market capitalization of C$20.19 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 4.09 and a beta of 1.03. IGM Financial has a 12 month low of C$44.69 and a 12 month high of C$87.99. The company’s fifty day simple moving average is C$80.83 and its 200 day simple moving average is C$72.93.

IGM Financial (TSE:IGM) last issued its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share (EPS) for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. The firm had revenue of C$1.07 million for the quarter. Equities analysts predict that IGM Financial will post 4.006816 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director James Patrick O’sullivan sold 700 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$77.90, for a total transaction of C$54,530.00. Following the transaction, the director directly owned 93,248 shares of the company’s stock, valued at C$7,264,019.20. This represents a 0.75% decrease in their position. In the last ninety days, insiders have sold 144,039 shares of company stock worth $11,327,486. 66.58% of the stock is currently owned by insiders.

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.