IGM Financial (TSE:IGM) Price Target Raised to C$90.00

IGM Financial (TSE:IGM) had its target price lifted by Scotia from C$88.00 to C$90.00 in a research note published on Monday morning,BayStreet reports. Scotia currently has a sector perform rating on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the stock. TD boosted their price target on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Royal Bank Of Canada raised their price objective on shares of IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. BMO Capital Markets raised shares of IGM Financial from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$83.00 to C$96.00 in a report on Thursday, October 22nd. National Bank Financial lifted their target price on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Scotiabank upped their target price on shares of IGM Financial from C$84.00 to C$87.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$89.44.

IGM Financial Stock Performance

Shares of TSE:IGM opened at C$87.17 on Monday. The stock has a market capitalization of C$19.93 billion, a P/E ratio of 15.08, a P/E/G ratio of 4.09 and a beta of 0.67. IGM Financial has a 1-year low of C$55.14 and a 1-year high of C$92.01. The company has a current ratio of 5.21, a quick ratio of 0.31 and a debt-to-equity ratio of 27.14. The business has a 50-day moving average price of C$84.02 and a two-hundred day moving average price of C$77.88.

IGM Financial (TSE:IGM) last issued its earnings results on Thursday, November 5th. The financial services provider reported C$1.51 earnings per share (EPS) for the quarter. The company had revenue of C$1.32 billion for the quarter. IGM Financial had a net margin of 31.27% and a return on equity of 14.65%. Equities analysts predict that IGM Financial will post 4.01 earnings per share for the current year.

IGM Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 30th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, September 28th. IGM Financial’s dividend payout ratio is presently 41.91%.

Insider Activity

In related news, Director J. Luke Gould sold 900 shares of the firm’s 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 a total of 9,960 shares of company stock worth $876,221 over the last ninety days. 66.58% of the stock is owned by corporate 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.