The Scotiabank Trims CI Financial Corp (CIX) Target Price to C$28.00

The Scotiabank Trims CI Financial Corp (CIX) Target Price to C$28.00

A number of other research analysts also recently weighed in on the company. Barclays PLC increased their price target on CI Financial Corp from C$29.00 to C$30.00 and gave the company an “overweight” rating in a research note on Thursday, January 19th. Desjardins dropped their price target on CI Financial Corp from C$28.00 to C$27.00 and set a “hold” rating on the stock in a research note on Friday, February 17th. Finally, TD Securities lifted their price target on CI Financial Corp from C$27.00 to C$28.00 and gave the company a “hold” rating in a research note on Friday, February 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. CI Financial Corp presently has an average rating of “Hold” and a consensus target price of C$29.00.

CI Financial Corp (TSE:CIX) had its price target decreased by analysts at Scotiabank from C$29.00 to C$28.00 in a research note issued to investors on Friday, May 12th. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 4.05% from the company’s current price.

CI Financial Corp (CIX) traded up 0.04% during midday trading on Friday, hitting $26.91. The stock had a trading volume of 558,923 shares. The company has a 50-day moving average price of $26.73 and a 200-day moving average price of $27.33. The company has a market cap of $7.05 billion and a price-to-earnings ratio of 13.88. CI Financial Corp has a 12-month low of $23.52 and a 12-month high of $29.94.

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