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CI Financial (TSE: CIX) saw its target price lowered from C $ 30.00 to C $ 27.00 by Canaccord Genuity. Canaccord Genuity's target price suggests upside potential of 20.05% over previous closing of the stock
A number of other equity research badysts have recently released reports on CIX. Financing CDN $ 32.00 to CDN $ 31.00 in a research note on Thursday, April 12 CIBC lowered its price target on CI Financial shares from CA $ 33.00 to CA $ 32.00 in a research note on Friday, April 27th. on CI Financial Shares from C $ 32.00 to C $ 29.00 in a Research Note on Friday, May 11 Royal Bank of Canada lowered its price target on CI Financial shares by C $ 26.00 at $ 25.00 CAD and gave a rating of underperformance in a research note on Fr Iday, May 11th. Finally, Desjardins lowered its target price on CI Financial shares from CA $ 27.00 to CA $ 26.00 in a research note on Friday, May 11th. An badyst evaluated the stock with a sales note, three issued a blocking note and one gave a purchase note to the company. CI Financial earned an average "Hold" rating and an average price target of C $ 27.50
CI Financial increased C $ 0.11 to C $ 22.49 during Tuesday's session , reports MarketBeat.com. The company had a trading volume of 256,231 shares, compared to its average volume of 576,994. CI Financial posted the lowest level in a year of 22.28 CAD and a one-year high of 30.23 CAD.
CI Financial (TSE: CIX) last published its quarterly results on Thursday, May 10. The company reported earnings per share (EPS) of C $ 0.59 for the quarter, in the absence of badysts' consensus estimates of C $ 0.61 per share (C $ 0.02). . CI Financial reported a net margin of 21.66% and a return on equity of 28.22%. The company achieved a turnover of 573,50 million Canadian dollars during the quarter.
In other CI Financial news, director Roy Ratnavel bought 10,000 shares in a deal on Wednesday, May 16. The shares were purchased at an average price of C $ 25.00 per share, for a total value of C $ 250,000.00. In addition, the director, Peter W. Anderson, purchased 15,000 shares in a transaction on Monday, May 14. The shares were purchased at an average cost of C $ 25.50 per share, for a total transaction of C $ 382,500.00.
About CI Financial
CI Financial Corp. is a state-owned badet management holding company. Through its subsidiaries, the Company manages portfolios of equity, fixed income and alternative investments focused on the client. It also manages mutual funds, hedge funds and funds of funds for its clients through its subsidiaries.
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