CI Financial Corp (CIX) Price Target Cut to C$31.00

CI Financial Corp (TSE:CIX) had its price objective decreased by research analysts at Barclays PLC from C$32.00 to C$31.00 in a research report issued to clients and investors on Monday. Barclays PLC’s target price indicates a potential upside of 10.16% from the company’s current price.

CIX has been the topic of several other reports. CIBC boosted their target price on 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. Scotiabank boosted their target price on 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 reissued a “market perform” rating and issued a C$29.00 target price on shares of CI Financial Corp in a report on Monday, September 18th. TD Securities boosted their target price on 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. Finally, Desjardins boosted their target price on CI Financial Corp from C$28.00 to C$29.00 in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$29.86.

Shares of CI Financial Corp (CIX) opened at C$28.14 on Monday. CI Financial Corp has a 1-year low of C$25.11 and a 1-year high of C$29.94.

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In other CI Financial Corp news, 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 cost of C$28.00 per share, with a total value of C$28,000.00.

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)

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