CI Financial (TSE:CIX) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Friday. The firm presently has a C$32.00 price objective on the stock, up from their previous price objective of C$31.00. BMO Capital Markets’ price target would indicate a potential upside of 13.07% from the stock’s current price.
CIX has been the subject of several other reports. Barclays decreased their target price on CI Financial from C$32.00 to C$31.00 in a research report on Monday, November 13th. Desjardins decreased their target price on CI Financial from C$30.00 to C$29.00 in a research report on Friday. CIBC lifted their target price on CI Financial from C$32.50 to C$33.00 in a research report on Monday, November 13th. TD Securities lifted their target price 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. Finally, Royal Bank of Canada decreased their target price on CI Financial from C$28.00 to C$26.00 and set an “underperform” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of C$30.14.
Shares of CI Financial (TSE:CIX) opened at C$28.30 on Friday. CI Financial has a 52-week low of C$25.79 and a 52-week high of C$30.23. The firm has a market capitalization of $7,710.00, a price-to-earnings ratio of 14.59 and a beta of 0.48.
In other news, Director Neal A. Kerr sold 4,500 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of C$30.12, for a total transaction of C$135,540.00. Also, Director Neal A. Kerr sold 3,800 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of C$29.59, for a total value of C$112,442.00. In the last 90 days, insiders have sold 10,407 shares of company stock worth $309,678.
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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.
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