CI Financial Corp (CIX) Price Target Cut to C$27.00 by Analysts at Desjardins
CI Financial Corp (TSE:CIX) had its price objective decreased by research analysts at Desjardins from C$28.00 to C$27.00 in a report issued on Friday. The brokerage currently has a “hold” rating on the stock. Desjardins’ price target would indicate a potential downside of 3.74% from the stock’s current price.
Several other equities research analysts have also recently weighed in on CIX. TD Securities increased their price target on CI Financial Corp from C$27.00 to C$28.00 and gave the company a “hold” rating in a research note on Friday. Barclays PLC upped 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. Canaccord Genuity upgraded CI Financial Corp from a “hold” rating to a “buy” rating in a report on Friday, November 4th. Scotiabank reiterated a “sector perform” rating and issued a C$30.00 price target on shares of CI Financial Corp in a report on Thursday, November 3rd. Finally, Royal Bank Of Canada cut their price target on CI Financial Corp from C$28.00 to C$26.00 and set a “sector perform” rating on the stock in a report on Friday, November 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. CI Financial Corp currently has a consensus rating of “Hold” and an average target price of C$29.00.
CI Financial Corp (TSE:CIX) traded down 0.50% during trading on Friday, hitting $27.91. The stock had a trading volume of 250,770 shares. The firm has a market capitalization of $7.45 billion and a P/E ratio of 15.01. The stock has a 50 day moving average of $28.02 and a 200 day moving average of $26.38. CI Financial Corp has a one year low of $23.52 and a one year high of $30.34.
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In other CI Financial Corp news, Director Barry Huntly Gordon sold 20,000 shares of the firm’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of C$28.64, for a total value of C$572,800.00.
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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