CI Financial Corp (CIX) Rating Reiterated by BMO Capital Markets
CI Financial Corp (TSE:CIX)‘s stock had its “market perform” rating restated by equities researchers at BMO Capital Markets in a research note issued on Monday. They currently have a C$29.00 target price on the stock. BMO Capital Markets’ price objective points to a potential upside of 7.37% from the company’s previous close.
A number of other research analysts have also issued reports on the stock. Scotiabank upped their price target on shares of CI Financial Corp from C$28.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Friday, August 11th. TD Securities upped 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 note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. CI Financial Corp presently has an average rating of “Hold” and an average target price of C$28.67.
Shares of CI Financial Corp (TSE CIX) opened at 27.01 on Monday. The company has a market cap of $6.97 billion and a P/E ratio of 14.70. The firm has a 50-day moving average of $27.06 and a 200-day moving average of $26.98. CI Financial Corp has a 52-week low of $23.52 and a 52-week high of $29.94.
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In other CI Financial Corp news, Director Roy Ratnavel acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of C$26.86 per share, for a total transaction of C$402,900.00.
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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