IGM Financial (TSE:IGM) Given New C$80.00 Price Target at BMO Capital Markets

IGM Financial (TSE:IGM) had its target price raised by research analysts at BMO Capital Markets from C$72.00 to C$80.00 in a research report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential downside of 8.32% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. TD boosted their target price on IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce upped their price objective on IGM Financial from C$79.00 to C$85.00 in a report on Friday, July 10th. National Bank Financial increased their price objective on IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th. Scotiabank raised their target price on IGM Financial from C$69.00 to C$76.00 in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada boosted their target price on shares of IGM Financial from C$77.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, IGM Financial presently has a consensus rating of “Hold” and a consensus price target of C$77.75.

IGM Financial Stock Performance

Shares of IGM stock traded up C$1.75 during mid-day trading on Wednesday, hitting C$87.26. The stock had a trading volume of 290,753 shares, compared to its average volume of 466,344. The firm has a market cap of C$20.28 billion, a PE ratio of 17.95, a PEG ratio of 4.09 and a beta of 1.03. The company’s 50-day simple moving average is C$79.28 and its 200-day simple moving average is C$71.25. The company has a debt-to-equity ratio of 81.91, a current ratio of 1.36 and a quick ratio of 0.31. IGM Financial has a fifty-two week low of C$42.64 and a fifty-two week high of C$87.74.

IGM Financial (TSE:IGM) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share (EPS) for the quarter. The business had revenue of C$1.00 million for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. Sell-side analysts anticipate that IGM Financial will post 4.006816 earnings per share for the current year.

Insider Buying and Selling

In other IGM Financial news, Director James Patrick O’sullivan sold 700 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$77.90, for a total value of C$54,530.00. Following the sale, the director owned 93,248 shares of the company’s stock, valued at approximately C$7,264,019.20. This represents a 0.75% decrease in their ownership of the stock. Insiders sold 144,039 shares of company stock worth $11,327,486 in the last quarter. 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.