CI Financial Corp (CIX) Given New C$33.00 Price Target at CIBC
Other equities analysts also recently issued reports about the stock. Desjardins lifted their price target on shares of CI Financial Corp from C$28.00 to C$29.00 in a report on Tuesday, October 31st. Barclays PLC lifted their price target on shares of CI Financial Corp from C$30.00 to C$32.00 in a report on Monday, October 30th. TD Securities lifted their price target on shares of CI Financial Corp from C$29.00 to C$30.00 and gave the company a hold rating in a report on Friday. BMO Capital Markets reaffirmed a market perform rating and issued a C$29.00 target price on shares of CI Financial Corp in a research note on Monday, September 18th. Finally, Scotiabank boosted their target price on shares of CI Financial Corp from C$28.00 to C$30.00 and gave the stock a sector perform rating in a research note on Friday, August 11th. One research 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. CI Financial Corp presently has a consensus rating of Hold and an average price target of C$29.86.
Shares of CI Financial Corp (CIX) traded up C$0.06 during mid-day trading on Monday, reaching C$28.40. 309,060 shares of the company traded hands, compared to its average volume of 458,233. 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 firm also recently declared a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.117 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Wednesday, November 29th. CI Financial Corp’s dividend payout ratio is 73.67%.
In other CI Financial Corp news, insider Douglas J.R. Jamieson purchased 1,000 shares of the stock in a transaction dated Tuesday, October 17th. The stock was bought at an average price of C$28.00 per share, for a total transaction of C$28,000.00.
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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