CI Financial Corp (CIX) PT Raised to C$30.00 at TD Securities
CIX has been the topic of several other reports. Barclays PLC lifted their target price on shares of CI Financial Corp from C$30.00 to C$32.00 in a research report on Monday, October 30th. CIBC lifted their target price on shares of CI Financial Corp from C$32.00 to C$34.00 and gave the company an outperform rating in a research report on Tuesday, October 3rd. Scotiabank boosted 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 report on Friday, August 11th. Desjardins boosted their price target on shares of CI Financial Corp from C$28.00 to C$29.00 in a research report on Tuesday, October 31st. Finally, BMO Capital Markets restated a market perform rating and issued a C$29.00 price target on shares of CI Financial Corp in a research report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of C$29.86.
Shares of CI Financial Corp (TSE CIX) opened at C$28.40 on Friday. CI Financial Corp has a 12-month low of C$25.11 and a 12-month high of C$29.94.
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The company also recently declared a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.117 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 4.94%. CI Financial Corp’s dividend payout ratio (DPR) is presently 73.67%.
In other news, insider Douglas J.R. Jamieson purchased 1,000 shares of CI Financial Corp stock in a transaction on Tuesday, October 17th. The shares were purchased at an average cost of C$28.00 per share, for a total transaction of C$28,000.00.
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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