CI Financial (TSE:CIX) had its price target raised by CIBC from C$21.00 to C$25.00 in a research note released on Tuesday morning, BayStreet.CA reports.

Several other research analysts also recently issued reports on the stock. TD Securities upped their price target on shares of CI Financial from C$20.00 to C$21.00 and gave the stock a hold rating in a report on Friday, November 8th. Canaccord Genuity upped their price target on shares of CI Financial from C$23.50 to C$25.00 in a report on Monday, November 25th. Royal Bank of Canada raised shares of CI Financial from an underperform rating to a sector perform rating and boosted their price objective for the stock from C$21.00 to C$23.00 in a research note on Friday, December 6th. Finally, BMO Capital Markets boosted their price objective on shares of CI Financial from C$22.00 to C$23.00 in a research note on Friday, November 8th.

Shares of TSE:CIX opened at C$24.36 on Tuesday. The company has a fifty day moving average of C$23.09 and a 200-day moving average of C$20.66. The company has a market capitalization of $5.38 billion and a PE ratio of 11.03. The company has a debt-to-equity ratio of 107.56, a quick ratio of 0.64 and a current ratio of 1.12. CI Financial has a 52-week low of C$17.71 and a 52-week high of C$24.54.

In related news, Director Lorraine P. Blair sold 2,386 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of C$21.72, for a total value of C$51,835.61. Following the sale, the director now owns 20,167 shares of the company’s stock, valued at C$438,126.06. Also, Director David C. Pauli sold 4,165 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$21.77, for a total transaction of C$90,672.05. Following the completion of the sale, the director now directly owns 550,000 shares in the company, valued at approximately C$11,973,500. In the last three months, insiders sold 103,632 shares of company stock worth $2,350,386.

About CI Financial

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.

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