IGM Financial (TSE:IGM) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

IGM Financial (TSE:IGM) had its target price hoisted by equities researchers at Royal Bank Of Canada from C$77.00 to C$80.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price target indicates a potential downside of 2.72% from the company’s previous close.

IGM has been the topic of a number of other research reports. Scotiabank upped their target price on IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. TD raised 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. National Bank Financial boosted their price objective on IGM Financial from C$82.00 to C$85.00 in a report on Wednesday, April 29th. BMO Capital Markets upped their price objective on IGM Financial from C$68.00 to C$72.00 in a research report on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce upped their price objective on IGM Financial from C$79.00 to C$85.00 in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$76.75.

IGM Financial Trading Down 2.1%

Shares of IGM stock traded down C$1.76 during trading hours on Monday, reaching C$82.24. 198,431 shares of the stock were exchanged, compared to its average volume of 466,664. IGM Financial has a 12-month low of C$42.39 and a 12-month high of C$84.93. 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’s 50-day moving average price is C$78.95 and its 200-day moving average price is C$70.94. The firm has a market capitalization of C$19.12 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03.

IGM Financial (TSE:IGM) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share for the quarter. The company 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%. As a group, equities analysts anticipate that IGM Financial will post 4.006816 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Douglas Milne sold 6,620 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$76.98, for a total transaction of C$509,607.60. Following the transaction, the director directly owned 1,036 shares of the company’s stock, valued at approximately C$79,751.28. This trade represents a 86.47% decrease in their ownership of the stock. Also, insider Rhonda Goldberg sold 3,347 shares of IGM Financial stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$77.10, for a total transaction of C$258,053.70. Following the sale, the insider directly owned 6,052 shares of the company’s stock, valued at C$466,609.20. This represents a 35.61% decrease in their position. Insiders have sold 144,039 shares of company stock worth $11,327,486 in the last three months. 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.