CIBC Boosts CI Financial Corp (CIX) Price Target to C$34.00
Other equities analysts have also recently issued reports about the company. BMO Capital Markets reiterated a market perform rating and issued a C$29.00 target price on shares of CI Financial Corp in a report on Monday, September 18th. Scotiabank raised their price objective on 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. Finally, TD Securities raised their price objective on 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 three have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of C$29.43.
Shares of CI Financial Corp (TSE CIX) opened at 27.77 on Tuesday. The stock has a 50 day moving average of $27.30 and a 200-day moving average of $27.02. The company has a market cap of $7.17 billion and a price-to-earnings ratio of 15.11. CI Financial Corp has a 12 month low of $23.52 and a 12 month high of $29.94.
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The firm also recently announced a monthly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a dividend of $0.117 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend was Tuesday, August 29th.
In other news, Director Roy Ratnavel acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average price of C$26.86 per share, with a total value 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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