CI Financial Corp (TSE:CIX) has received a consensus rating of “Hold” from the six analysts that are currently covering the company, reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$28.60.

A number of research analysts have recently weighed in on CIX shares. Scotiabank cut their price objective on CI Financial Corp from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Friday, May 12th. TD Securities raised their price objective on CI Financial Corp from C$28.00 to C$29.00 and gave the company a “hold” rating in a research report on Friday, August 11th.

COPYRIGHT VIOLATION WARNING: “CI Financial Corp (CIX) Receives Consensus Recommendation of “Hold” from Brokerages” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another website, it was stolen and reposted in violation of U.S. and international copyright law. The legal version of this report can be accessed at

CI Financial Corp (TSE:CIX) traded down 1.06% during trading on Wednesday, hitting $27.15. The stock had a trading volume of 402,186 shares. CI Financial Corp has a 52-week low of $23.52 and a 52-week high of $29.94. The company has a 50-day moving average of $27.09 and a 200 day moving average of $26.98. The firm has a market cap of $7.01 billion and a P/E ratio of 14.77.

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.117 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.17%.

In related news, Director Roy Ratnavel purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average price of C$26.86 per share, for a total transaction of C$402,900.00.

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.

Analyst Recommendations for CI Financial Corp (TSE:CIX)

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's FREE daily email newsletter.