CI Financial Corp (CIX) Receives Consensus Rating of “Hold” from Analysts
Shares of CI Financial Corp (TSE:CIX) have been assigned an average recommendation of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$29.00.
A number of equities analysts have commented on CIX shares. Scotiabank reduced their price target on shares of CI Financial Corp from C$29.00 to C$28.00 and set a “sector perform” rating on the stock in a research report on Friday, May 12th. Barclays PLC restated an “overweight” rating and issued a C$30.00 price target on shares of CI Financial Corp in a research report on Thursday, May 11th.
CI Financial Corp (TSE CIX) opened at 27.64 on Monday. The company’s 50 day moving average is $26.90 and its 200-day moving average is $27.31. CI Financial Corp has a 1-year low of $23.52 and a 1-year high of $29.94. The firm has a market cap of $7.24 billion and a price-to-earnings ratio of 14.25.
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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