CI Financial Corp (CIX) Given New C$28.00 Price Target at Scotiabank

CI Financial Corp (TSE:CIX) had its price objective decreased by investment analysts at Scotiabank from C$29.00 to C$28.00 in a report issued on Friday, May 12th. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 3.51% from the stock’s current price.

A number of other analysts have also commented on the company. Barclays PLC boosted their target price on CI Financial Corp from C$29.00 to C$30.00 and gave the company an “overweight” rating in a research report on Thursday, January 19th. Desjardins decreased their price objective on CI Financial Corp from C$28.00 to C$27.00 and set a “hold” rating for the company in a report on Friday, February 17th. Finally, TD Securities boosted their price objective on CI Financial Corp from C$27.00 to C$28.00 and gave the stock a “hold” rating in a report on Friday, February 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of C$29.00.

Analyst Recommendations for CI Financial Corp (TSE:CIX)

CI Financial Corp (TSE CIX) traded up 0.52% during trading on Friday, reaching $27.05. The company’s stock had a trading volume of 1,622,727 shares. The firm has a market cap of $7.08 billion and a P/E ratio of 13.95. CI Financial Corp has a 52 week low of $23.52 and a 52 week high of $29.94. The stock’s 50 day moving average is $26.75 and its 200-day moving average is $27.33.

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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.

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