Shares of CI Financial Corp (TSE:CIX) have earned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation. The average twelve-month target price among analysts that have covered the stock in the last year is C$30.33.
Several research analysts recently weighed in on the company. Barclays lowered their price objective on CI Financial from C$32.00 to C$31.00 in a research report on Monday, November 13th. CIBC increased their price objective on CI Financial from C$32.50 to C$33.00 in a research report on Monday, November 13th. TD Securities increased their price objective on CI Financial from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research report on Friday, November 10th. Desjardins increased their price objective on CI Financial from C$28.00 to C$29.00 in a research report on Tuesday, October 31st. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$29.00 price objective on shares of CI Financial in a research report on Monday, September 18th.
CI Financial (TSE:CIX) opened at C$29.38 on Wednesday. The firm has a market capitalization of $8,070.00, a P/E ratio of 15.63 and a beta of 0.55. CI Financial has a 52-week low of C$25.79 and a 52-week high of C$29.85.
In other news, Director Neal A. Kerr sold 3,800 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of C$29.59, for a total transaction of C$112,442.00. Also, insider Douglas J.R. Jamieson purchased 1,000 shares of the stock in a transaction dated Tuesday, October 17th. The shares were purchased 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 have sold 5,707 shares of company stock valued at $168,150.
TRADEMARK VIOLATION WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/10/ci-financial-corp-cix-receives-consensus-recommendation-of-hold-from-analysts.html.
CI Financial Company Profile
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.
Receive News & Ratings for CI Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CI Financial and related companies with MarketBeat.com's FREE daily email newsletter.