CI Financial Corp (TSE:CIX) Price Target Raised to C$30.00
CI Financial Corp (TSE:CIX) had its target price raised by equities researchers at Scotiabank from C$28.00 to C$30.00 in a report issued on Friday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 11.82% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on CIX. Barclays PLC restated an “overweight” rating and set a C$30.00 price objective on shares of CI Financial Corp in a research note on Thursday, May 11th. TD Securities increased their price target 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$28.60.
Shares of CI Financial Corp (CIX) traded down 2.68% on Friday, reaching $26.11. 367,853 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $27.36 and a 200 day moving average price of $27.05. CI Financial Corp has a one year low of $23.52 and a one year high of $29.94. The firm has a market cap of $6.84 billion and a PE ratio of 13.47.
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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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