IGM Financial (TSE:IGM) Raised to "Moderate Buy" at Royal Bank Of Canada

Key Points

• Royal Bank of Canada upgraded IGM Financial from “hold” to “moderate buy.”
• Analyst sentiment is broadly positive: six analysts rate the stock “buy” and three “hold,” with a consensus “moderate buy” rating and an average price target of C$89.44.
• IGM shares rose 6.3%; the company reported quarterly EPS of C$1.51 and revenue of C$1.32 billion.

IGM Financial (TSE:IGM - Get Free Report) was upgraded by equities researchers at Royal Bank Of Canada from a "hold" rating to a "moderate buy" rating in a report released on Monday, Zacks reports.

A number of other equities analysts have also weighed in on the stock. Scotiabank boosted their price objective 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. TD raised 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 research report on Thursday, July 30th. National Bank Financial raised their target price on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock an "outperform" rating in a research report on Monday. Scotia lifted their target price on shares of IGM Financial from C$88.00 to C$90.00 and gave the stock a "sector perform" rating in a research note on Monday. Finally, BMO Capital Markets upgraded IGM Financial from a "hold" rating to an "outperform" rating and boosted their price target for the company from C$83.00 to C$96.00 in a report on Thursday, October 22nd. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$89.44.

IGM Financial Trading Up 6.3%

Shares of IGM stock opened at C$86.51 on Monday. The firm has a 50-day moving average price of C$83.99 and a 200 day moving average price of C$77.67. IGM Financial has a twelve month low of C$54.42 and a twelve month high of C$92.01. The company has a market capitalization of C$19.77 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 4.09 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 82.59.

IGM Financial (TSE:IGM - Get Free Report) last released its earnings results on Thursday, November 5th. The financial services provider reported C$1.51 earnings per share (EPS) for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. The company had revenue of C$1.32 billion for the quarter. Research analysts forecast that IGM Financial will post 4.01 earnings per share for the current fiscal year.

Insider Activity at IGM Financial

In other news, Director J. Luke Gould sold 6,900 shares of the company's stock in a transaction dated Friday, September 18th. The shares were sold at an average price of C$87.97, for a total transaction of C$606,993.00. Over the last three months, insiders have sold 9,960 shares of company stock worth $876,221. Corporate insiders own 66.58% of the company's stock.

IGM Financial Company Profile

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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