CI Financial Corp (CIX) Price Target Cut to C$31.00
CI Financial Corp (TSE:CIX) had its price objective decreased by research analysts at Barclays PLC from C$32.00 to C$31.00 in a research report issued to clients and investors on Monday. Barclays PLC’s target price indicates a potential upside of 10.16% from the company’s current price.
CIX has been the topic of several other reports. CIBC boosted their target price on CI Financial Corp from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Tuesday, October 3rd. Scotiabank boosted their target price on CI Financial Corp from C$28.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Friday, August 11th. BMO Capital Markets reissued 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. TD Securities boosted their target price on CI Financial Corp from C$28.00 to C$29.00 and gave the stock a “hold” rating in a report on Friday, August 11th. Finally, Desjardins boosted their target price on CI Financial Corp from C$28.00 to C$29.00 in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$29.86.
Shares of CI Financial Corp (CIX) opened at C$28.14 on Monday. CI Financial Corp has a 1-year low of C$25.11 and a 1-year high of C$29.94.
ILLEGAL ACTIVITY NOTICE: This news story was posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.dailypolitical.com/2017/11/15/ci-financial-corp-cix-price-target-cut-to-c31-00.html.
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 shares were purchased at an average cost of C$28.00 per share, with a total value 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.
Receive News & Ratings for CI Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CI Financial Corp and related companies with MarketBeat.com's FREE daily email newsletter.