Other equities analysts also recently issued research reports about the stock. Desjardins boosted their target price on shares of CI Financial from C$28.00 to C$29.00 in a research note on Tuesday, October 31st. CIBC boosted their target price on shares of CI Financial from C$32.50 to C$33.00 in a research note on Monday, November 13th. TD Securities boosted their target price on shares of CI Financial from C$29.00 to C$30.00 and gave the stock a hold rating in a research note on Friday, November 10th. BMO Capital Markets upgraded shares of CI Financial from a market perform rating to an outperform rating and boosted their target price for the stock from C$31.00 to C$32.00 in a research note on Friday. Finally, Royal Bank of Canada lowered their target price on shares of CI Financial from C$28.00 to C$26.00 and set an underperform rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of C$30.14.
CI Financial (TSE:CIX) opened at C$28.30 on Friday. The company has a market cap of $7,710.00, a price-to-earnings ratio of 14.59 and a beta of 0.48. CI Financial has a 12 month low of C$25.79 and a 12 month high of C$30.23.
In other CI Financial news, Director Neal A. Kerr sold 4,500 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of C$30.12, for a total value of C$135,540.00. Also, Director Neal A. Kerr sold 3,800 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of C$29.59, for a total transaction of C$112,442.00. Insiders sold 10,407 shares of company stock valued at $309,678 in the last 90 days.
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About CI Financial
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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