IGM Financial Inc. (TSE:IGM) Receives Consensus Recommendation of “Hold” from Brokerages

IGM Financial Inc. (TSE:IGM) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$73.75.

IGM has been the subject of a number of recent analyst reports. Scotiabank raised their price objective on IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. National Bank Financial lifted their price target on IGM Financial from C$82.00 to C$85.00 in a research report on Wednesday, April 29th. BMO Capital Markets lifted their price target on IGM Financial from C$68.00 to C$72.00 in a research report on Wednesday, April 29th. TD Securities lifted their price target on IGM Financial from C$73.00 to C$76.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Finally, TD lifted 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 research note on Monday, May 11th.

Insider Buying and Selling

In other news, Director J. Luke Gould sold 900 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of C$78.10, for a total value of C$70,290.00. Following the completion of the transaction, the director owned 4,300 shares of the company’s stock, valued at C$335,830. The trade was a 17.31% decrease in their position. In the last ninety days, insiders have sold 105,442 shares of company stock worth $8,247,040. Insiders own 66.58% of the company’s stock.

IGM Financial Stock Down 1.5%

TSE:IGM opened at C$78.96 on Thursday. IGM Financial has a fifty-two week low of C$42.13 and a fifty-two week high of C$80.69. The stock has a market capitalization of C$18.35 billion, a P/E ratio of 16.25, a P/E/G ratio of 4.09 and a beta of 0.97. The company has a debt-to-equity ratio of 81.91, a quick ratio of 0.31 and a current ratio of 1.36. The company’s 50-day simple moving average is C$73.41 and its 200-day simple moving average is C$66.84.

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

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.