IGM Financial (TSE:IGM) Price Target Raised to C$94.00

IGM Financial (TSE:IGM) had its target price hoisted by National Bank Financial from C$92.00 to C$94.00 in a research note published on Monday morning,BayStreet reports. They currently have an outperform rating on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the stock. TD lifted their price objective on shares of IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a report on Thursday, July 30th. BMO Capital Markets raised shares of IGM Financial from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$83.00 to C$96.00 in a research note on Thursday, October 22nd. Desjardins set a C$93.00 target price on shares of IGM Financial and gave the stock a “buy” rating in a report on Tuesday, October 27th. Scotiabank raised their price target 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. Finally, Royal Bank Of Canada raised their price target on shares of IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, IGM Financial currently has an average rating of “Moderate Buy” and a consensus price target of C$89.44.

IGM Financial Stock Performance

Shares of IGM Financial stock opened at C$87.17 on Monday. The business has a 50-day moving average of C$84.02 and a 200 day moving average of C$77.88. IGM Financial has a 12 month low of C$55.14 and a 12 month high of C$92.01. The stock has a market capitalization of C$19.93 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 4.09 and a beta of 0.67. The company has a debt-to-equity ratio of 27.14, a current ratio of 5.21 and a quick ratio of 0.31.

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

IGM Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 30th were given a $0.62 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $2.48 dividend on an annualized basis and a yield of 2.8%. IGM Financial’s dividend payout ratio (DPR) is currently 41.91%.

Insider Transactions at IGM Financial

In other news, Director J. Luke Gould sold 900 shares of IGM Financial stock in a transaction dated Friday, September 18th. The stock was sold at an average price of C$87.99, for a total value of C$79,191.00. Over the last quarter, insiders sold 9,960 shares of company stock valued at $876,221. 66.58% of the stock is owned by company 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.