CIX has been the topic of several other reports. Barclays cut their price target on shares of CI Financial from C$32.00 to C$31.00 in a research report on Monday, November 13th. Desjardins cut their price target on shares of CI Financial from C$30.00 to C$29.00 in a research report on Friday. CIBC boosted their price target on shares of CI Financial from C$32.50 to C$33.00 in a research report on Monday, November 13th. Royal Bank of Canada cut their price target on shares of CI Financial from C$28.00 to C$26.00 and set an underperform rating on the stock in a research report on Friday. Finally, BMO Capital Markets raised shares of CI Financial from a market perform rating to an outperform rating and boosted their price target for the stock from C$31.00 to C$32.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of C$30.14.
Shares of CI Financial (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 company has a market cap of $7,710.00, a PE ratio of 14.59 and a beta of 0.48.
In other news, Director Neal A. Kerr sold 4,500 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of C$30.12, for a total value of C$135,540.00. Also, Director Neal A. Kerr sold 3,800 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of C$29.59, for a total transaction of C$112,442.00. Insiders have sold a total of 10,407 shares of company stock worth $309,678 over the last three months.
ILLEGAL ACTIVITY WARNING: “Scotiabank Cuts CI Financial (CIX) Price Target to C$29.00” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.com-unik.info/2018/02/19/scotiabank-cuts-ci-financial-cix-price-target-to-c29-00.html.
About CI Financial
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.