Desjardins Forecasts Strong Price Appreciation for IGM Financial (TSE:IGM) Stock

IGM Financial (TSE:IGM) had its target price upped by stock analysts at Desjardins from C$93.00 to C$94.00 in a research note issued on Monday, BayStreet reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Desjardins‘s price target would indicate a potential upside of 9.23% from the stock’s current price.

Other analysts have also recently issued research reports about the company. BMO Capital Markets upgraded IGM Financial from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$83.00 to C$96.00 in a report on Thursday, October 22nd. Scotiabank upped their price target on shares of IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. TD increased their price objective 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. National Bank Financial increased their price objective on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Royal Bank Of Canada raised their price objective on shares of IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$89.44.

IGM Financial Price Performance

Shares of IGM traded up C$4.67 on Monday, hitting C$86.06. The company’s stock had a trading volume of 240,227 shares, compared to its average volume of 445,643. The company has a market capitalization of C$19.67 billion, a PE ratio of 17.42, a PEG ratio of 4.09 and a beta of 0.67. IGM Financial has a fifty-two week low of C$54.42 and a fifty-two week high of C$92.01. The company has a 50 day moving average price of C$84.01 and a 200 day moving average price of C$77.58. The company has a debt-to-equity ratio of 82.59, a current ratio of 1.28 and a quick ratio of 0.31.

IGM Financial (TSE:IGM) last released its quarterly earnings results on Thursday, November 5th. The financial services provider reported C$1.51 earnings per share for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%. The firm had revenue of C$1.32 billion during the quarter. On average, research analysts anticipate that IGM Financial will post 4.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director J. Luke Gould sold 6,900 shares of IGM Financial stock in a transaction on Friday, September 18th. The stock was sold at an average price of C$87.97, for a total value of C$606,993.00. In the last 90 days, insiders sold 9,960 shares of company stock valued at $876,221. 66.58% of the stock is currently owned by company insiders.

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.