Royal Bank Of Canada Issues Positive Forecast for IGM Financial (TSE:IGM) Stock Price

IGM Financial (TSE:IGM) had its price target upped by research analysts at Royal Bank Of Canada from C$80.00 to C$89.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 2.19% from the company’s previous close.

Several other equities research analysts also recently commented on the company. TD boosted their price objective on IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets lifted their price target on shares of IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. Canadian Imperial Bank of Commerce boosted their price target on shares of IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. Scotiabank upped their price objective on shares of IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, National Bank Financial raised their price objective on shares of IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a research note on Monday. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, IGM Financial has an average rating of “Hold” and an average target price of C$82.00.

IGM Financial Stock Up 0.8%

Shares of TSE IGM traded up C$0.65 during trading on Friday, hitting C$87.09. 435,514 shares of the company traded hands, compared to its average volume of 465,298. The firm has a market capitalization of C$20.24 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 4.09 and a beta of 1.03. The business’s fifty day moving average is C$81.02 and its 200 day moving average is C$73.09. The company has a debt-to-equity ratio of 81.91, a quick ratio of 0.31 and a current ratio of 1.36. IGM Financial has a fifty-two week low of C$44.69 and a fifty-two week high of C$87.99.

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

Insider Transactions at IGM Financial

In other IGM Financial news, Director James Patrick O’sullivan sold 700 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$77.90, for a total value of C$54,530.00. Following the completion of the sale, the director owned 93,248 shares in the company, valued at approximately C$7,264,019.20. This trade represents a 0.75% decrease in their position. Over the last ninety days, insiders have sold 144,039 shares of company stock valued at $11,327,486. Corporate 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.