CI Financial Corp (CIX) Receives Consensus Rating of “Hold” from Analysts
Shares of CI Financial Corp (TSE:CIX) have been given an average rating of “Hold” by the eleven research firms that are covering the stock. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$29.00.
A number of equities research analysts have recently commented on CIX shares. Desjardins dropped their target price on CI Financial Corp from C$29.00 to C$27.00 and set a “hold” rating on the stock in a research report on Wednesday, October 26th. Scotiabank restated a “sector perform” rating and set a C$30.00 target price on shares of CI Financial Corp in a research report on Thursday, November 3rd. Royal Bank Of Canada dropped their target price on CI Financial Corp from C$28.00 to C$26.00 and set a “sector perform” rating on the stock in a research report on Friday, November 4th. Canaccord Genuity upgraded CI Financial Corp from a “hold” rating to a “buy” rating in a research report on Friday, November 4th. Finally, Barclays PLC raised their target price on CI Financial Corp from C$28.00 to C$29.00 and gave the company an “overweight” rating in a research report on Friday, November 4th.
Shares of CI Financial Corp (TSE:CIX) opened at 28.23 on Monday. The firm’s 50-day moving average price is $28.35 and its 200 day moving average price is $26.26. CI Financial Corp has a 52 week low of $23.52 and a 52 week high of $30.99. The company has a market capitalization of $7.53 billion and a PE ratio of 15.19.
About CI Financial Corp
CI Financial Corp. (CI) is a wealth management and investment fund company. The Company is engaged in management, marketing, distribution and administration of mutual funds, segregated funds, exchange-traded funds, structured products and other fee-earning investment products for Canadian investors. CI operates through two segments: Asset Management and Asset Administration.
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