BMO Capital Markets Raises IGM Financial (TSE:IGM) Price Target to C$80.00

IGM Financial (TSE:IGM) had its price target hoisted by research analysts at BMO Capital Markets from C$72.00 to C$80.00 in a note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential downside of 6.81% from the stock’s previous close.

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

IGM Financial Price Performance

TSE:IGM opened at C$85.85 on Wednesday. IGM Financial has a 12-month low of C$42.83 and a 12-month high of C$87.99. The firm has a market capitalization of C$19.96 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 4.09 and a beta of 1.03. The stock’s 50 day moving average price is C$79.68 and its two-hundred day moving average price is C$71.59. The company has a quick ratio of 0.31, a current ratio of 1.36 and a debt-to-equity ratio of 81.91.

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

Insider Activity

In related news, Director James Patrick O’sullivan sold 700 shares of the company’s 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 transaction, the director directly owned 93,248 shares in the company, valued at approximately C$7,264,019.20. This represents a 0.75% decrease in their ownership of the stock. Insiders have sold a total of 144,039 shares of company stock valued at $11,327,486 over the last three months. 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.