Scotiabank Reiterates “Sector Perform” Rating for CI Financial Corp (CIX)
Shares of CI Financial Corp (TSE:CIX) traded up 0.78% on Wednesday, hitting $34.91. 1,085,916 shares of the company’s stock traded hands. CI Financial Corp has a 52 week low of $29.38 and a 52 week high of $37.00. The stock has a 50-day moving average of $34.98 and a 200-day moving average of $34.85. The company has a market cap of $9.933 billion and a price-to-earnings ratio of 21.92.
CI Financial Corp (TSE:CIX) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.43 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.43. Analysts expect that CI Financial Corp will post $1.89 EPS for the current fiscal year.
CIX has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity upgraded shares of CI Financial Corp from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. They now have a C$40.00 price target on the stock. Separately, analysts at RBC Capital upgraded shares of CI Financial Corp from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 21st. Finally, analysts at National Bank Financial cut their price target on shares of CI Financial Corp from C$43.00 to C$40.00 in a research note on Thursday, May 15th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. CI Financial Corp currently has an average rating of “Buy” and an average price target of C$39.84.
CI Financial Corp. (TSE:CIX) is a diversified wealth management and investment fund company.
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