CI Financial Corp (CIX) Price Target Increased to C$29.00 by Analysts at Desjardins
CI Financial Corp (TSE:CIX) had its price objective increased by equities research analysts at Desjardins from C$28.00 to C$29.00 in a research report issued on Tuesday. Desjardins’ target price suggests a potential upside of 2.44% from the company’s current price.
A number of other analysts also recently weighed in on CIX. TD Securities upped their price target on shares of 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. Scotiabank upped their price target on shares of 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 reaffirmed a “market perform” rating and set a C$29.00 price target on shares of CI Financial Corp in a report on Monday, September 18th. CIBC upped their price target on shares of 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. Finally, Barclays PLC upped their price target on shares of CI Financial Corp from C$30.00 to C$32.00 in a report on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$30.00.
CI Financial Corp (TSE CIX) traded up 1.34% on Tuesday, reaching $28.69. 248,493 shares of the company traded hands. The firm has a market cap of $7.40 billion and a P/E ratio of 15.61. The stock has a 50-day moving average price of $27.74 and a 200-day moving average price of $27.23. CI Financial Corp has a 52-week low of $23.52 and a 52-week high of $29.94.
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In other CI Financial Corp news, Director Roy Ratnavel purchased 10,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of C$26.76 per share, for a total transaction of C$267,600.00. Also, insider Douglas J.R. Jamieson purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was acquired at an average price of C$28.00 per share, with a total value of C$28,000.00. Over the last 90 days, insiders acquired 26,000 shares of company stock valued at $698,500.
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.
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