CI Financial Corp (CIX) PT Raised to C$32.00 at Barclays PLC

CI Financial Corp (TSE:CIX) had its price objective increased by analysts at Barclays PLC from C$30.00 to C$32.00 in a research note issued to investors on Monday. Barclays PLC’s target price points to a potential upside of 12.36% from the company’s current price.

CIX has been the topic of several other reports. TD Securities increased their price target on shares of CI Financial Corp from C$28.00 to C$29.00 and gave the stock a “hold” rating in a research report on Friday, August 11th. BMO Capital Markets reiterated a “market perform” rating and issued a C$29.00 price target on shares of CI Financial Corp in a research report on Monday, September 18th. Scotiabank increased their price target on shares of CI Financial Corp from C$28.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Friday, August 11th. Finally, CIBC increased their price target on shares of CI Financial Corp from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$29.71.

Shares of CI Financial Corp (TSE:CIX) traded up 0.27% during trading on Monday, hitting $28.38. The stock had a trading volume of 227,945 shares. The stock has a 50 day moving average of $27.70 and a 200 day moving average of $27.21. CI Financial Corp has a 52-week low of $23.52 and a 52-week high of $29.94. The firm has a market cap of $7.32 billion and a PE ratio of 15.44.

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In other news, insider Douglas J.R. Jamieson acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The shares were purchased at an average cost of C$28.00 per share, for a total transaction of C$28,000.00. Also, Director Roy Ratnavel acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of C$26.86 per share, for a total transaction of C$402,900.00. Insiders have bought a total of 26,000 shares of company stock worth $698,500 over the last 90 days.

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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