IGM Financial (TSE:IGM) PT Set at C$93.00 by Desjardins

Key Points

• Desjardins set a C$93.00 price target on IGM Financial and maintained a “buy” rating, implying 13.79% upside from the reported C$81.73 share price.
• Analyst sentiment is generally positive: five analysts rate IGM a Buy and four rate it a Hold, producing a “Moderate Buy” consensus and an average target of C$85.00.
• IGM shares traded near C$81.73, with a market capitalization of C$18.87 billion; the company reported quarterly EPS of C$1.41 and revenue of approximately C$1.07 billion.

IGM Financial (TSE:IGM - Get Free Report) has been given a C$93.00 price target by stock analysts at Desjardins in a report issued on Tuesday, BayStreet reports. The brokerage presently has a "buy" rating on the financial services provider's stock. Desjardins's price target would suggest a potential upside of 13.79% from the company's current price.

IGM has been the topic of a number of other reports. Canadian Imperial Bank of Commerce lifted their target price on IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. 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 report on Thursday, July 30th. National Bank Financial upped their target price on shares of IGM Financial from C$85.00 to C$91.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Royal Bank Of Canada lifted their price target on shares of IGM Financial from C$80.00 to C$89.00 and gave the stock a "sector perform" rating in a research report on Friday, July 31st. Finally, TD lifted their target price on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$85.00.

IGM Financial Stock Performance

Shares of IGM traded up C$0.87 during mid-day trading on Tuesday, hitting C$81.73. The company's stock had a trading volume of 161,813 shares, compared to its average volume of 448,025. The stock's 50-day moving average is C$84.94 and its two-hundred day moving average is C$76.79. The firm has a market capitalization of C$18.87 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 4.09 and a beta of 0.83. The company has a debt-to-equity ratio of 82.59, a quick ratio of 0.31 and a current ratio of 1.28. IGM Financial has a one year low of C$53.33 and a one year high of C$92.01.

IGM Financial (TSE:IGM - Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share (EPS) for the quarter. The business had revenue of C$1.07 million for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. As a group, sell-side analysts anticipate that IGM Financial will post 4.01 EPS for the current year.

Insider Buying and Selling at IGM Financial

In related news, Director J. Luke Gould sold 6,900 shares of the firm's stock in a transaction on Friday, September 18th. The stock was sold at an average price of C$87.97, for a total transaction of C$606,993.00. Also, Director Damon Murchison sold 1,400 shares of IGM Financial stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of C$89.65, for a total value of C$125,510.00. Following the transaction, the director owned 11,735 shares in the company, valued at approximately C$1,052,042.75. This represents a 10.66% decrease in their ownership of the stock. Over the last quarter, insiders sold 44,658 shares of company stock worth $4,005,757. Company 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.

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