The Insider Selling: CI Financial Corp (CIX) Director Sells C$855,000.00 in Stock

The Insider Selling: CI Financial Corp (CIX) Director Sells C$855,000.00 in Stock

CI Financial Corp (TSE:CIX) Director Barry Huntly Gordon sold 30,000 shares of CI Financial Corp stock in a transaction on Thursday, January 12th. The shares were sold at an average price of C$28.50, for a total value of C$855,000.00.

Barry Huntly Gordon also recently made the following trade(s):

Shares of CI Financial Corp (TSE:CIX) opened at 27.66 on Friday. The company’s 50-day moving average price is $28.55 and its 200-day moving average price is $26.31. CI Financial Corp has a 52-week low of $23.52 and a 52-week high of $30.99. The firm has a market cap of $7.38 billion and a PE ratio of 14.88.

CIX has been the subject of several research reports. Desjardins reduced their price objective on CI Financial Corp from C$29.00 to C$27.00 and set a “hold” rating for the company in a research note on Wednesday, October 26th. RBC Capital Markets lowered CI Financial Corp from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 9th. Royal Bank Of Canada lowered CI Financial Corp from a “sector perform” rating to an “underperform” rating and raised their price objective for the stock from C$26.00 to C$27.00 in a research note on Monday, January 9th. Scotiabank reissued a “sector perform” rating and set a C$30.00 price objective on shares of CI Financial Corp in a research note on Thursday, November 3rd. Finally, TD Securities reissued a “hold” rating and set a C$25.00 price objective on shares of CI Financial Corp in a research note on Friday, November 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$28.90.

CI Financial Corp 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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