IGM Financial (TSE:IGM) Given a C$93.00 Price Target by Desjardins Analysts

by · The Markets Daily

IGM Financial (TSE:IGM – Get Free Report) has been assigned a C$93.00 target price by investment analysts at Desjardins in a research note issued to investors on Tuesday, BayStreet reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Desjardins‘s price objective suggests a potential upside of 13.79% from the company’s current price.

A number of other brokerages have also weighed in on IGM. Scotiabank upped their target price on shares of IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. National Bank Financial lifted their price target on IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Royal Bank Of Canada boosted their price target on IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. BMO Capital Markets raised IGM Financial from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$83.00 to C$96.00 in a research report on Thursday, October 22nd. Finally, TD lifted their target price on IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$85.00.

Read Our Latest Stock Report on IGM

IGM Financial Stock Up 1.1%

Shares of IGM Financial stock traded up C$0.87 on Tuesday, hitting C$81.73. The company had a trading volume of 161,813 shares, compared to its average volume of 448,025. The firm has a market capitalization of C$18.87 billion, a P/E ratio of 16.54, a P/E/G ratio of 4.09 and a beta of 0.83. IGM Financial has a twelve month low of C$53.33 and a twelve month high of C$92.01. The company has a debt-to-equity ratio of 82.59, a current ratio of 1.28 and a quick ratio of 0.31. The stock has a 50-day moving average of C$84.94 and a 200-day moving average of C$76.79.

IGM Financial (TSE:IGM – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported C$1.41 EPS for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. The business had revenue of C$1.07 million for the quarter. Research analysts predict that IGM Financial will post 4.01 earnings per share for the current year.

Insider Activity at IGM Financial

In other IGM Financial news, Director Damon Murchison sold 7,300 shares of IGM Financial stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of C$90.95, for a total value of C$663,935.00. Following the sale, the director directly owned 2,835 shares in the company, valued at approximately C$257,843.25. The trade was a 72.03% decrease in their position. Also, insider Rhonda Goldberg sold 2,599 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of C$86.76, for a total transaction of C$225,489.24. Following the sale, the insider directly owned 3,453 shares in the company, valued at C$299,582.28. This trade represents a 42.94% decrease in their ownership of the stock. Over the last 90 days, insiders sold 44,658 shares of company stock valued at $4,005,757. Corporate insiders own 66.58% of the company’s stock.

About IGM Financial

(Get Free Report)

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.

Read More