CI Financial Corp (CIX) Price Target Increased to C$34.00 by Analysts at CIBC
CI Financial Corp (TSE:CIX) had its price objective lifted by analysts at CIBC from C$32.00 to C$34.00 in a research note issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target points to a potential upside of 22.92% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Scotiabank upped their target price on shares of CI Financial Corp from C$28.00 to C$30.00 and gave the stock a “sector perform” rating in a research note on Friday, August 11th. BMO Capital Markets reiterated a “market perform” rating and set a C$29.00 price target on shares of CI Financial Corp in a report on Monday, September 18th. Finally, TD Securities raised their price target on shares of CI Financial Corp from C$28.00 to C$29.00 and gave the company a “hold” rating in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$29.43.
CI Financial Corp (TSE CIX) traded up 0.33% during mid-day trading on Tuesday, reaching $27.75. 241,877 shares of the company’s stock were exchanged. CI Financial Corp has a one year low of $23.52 and a one year high of $29.94. The stock has a 50-day moving average of $27.22 and a 200-day moving average of $26.99. The stock has a market cap of $7.16 billion and a price-to-earnings ratio of 15.10.
In related news, Director Roy Ratnavel purchased 10,000 shares of CI Financial Corp stock in a transaction dated Monday, August 14th. The stock was purchased at an average cost of C$26.76 per share, for a total transaction of C$267,600.00.
CI Financial Corp Company Profile
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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