The stock of CI Financial Corp (TSE:CIX) is a huge mover today! About 61,773 shares traded hands. CI Financial Corp (TSE:CIX) has declined 16.83% since March 24, 2016 and is downtrending. It has underperformed by 20.31% the S&P500.
The move comes after 8 months positive chart setup for the $6.59B company. It was reported on Oct, 31 by Barchart.com. We have $39.15 PT which if reached, will make TSE:CIX worth $3.89B more.
CI Financial Corp (TSE:CIX) Ratings Coverage
Out of 6 analysts covering CI Financial (TSE:CIX), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $38 is the highest target while $27 is the lowest. The $30.28 average target is 22.99% above today’s ($24.62) stock price. CI Financial has been the topic of 23 analyst reports since July 22, 2015 according to StockzIntelligence Inc.
More news for CI Financial Corp (TSE:CIX) were recently published by: Seekingalpha.com, which released: “CI Financial Corp – Nobody Is Noticing The Turnaround Yet” on September 26, 2016. Wsj.com‘s article titled: “Canada Regulator Reaches No-Contest Settlement With CI Financial Unit” and published on February 10, 2016 is yet another important article.
CI Financial Corp. is a wealth management and investment fund company. The company has a market cap of $6.59 billion. The Firm 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. It has a 13.18 P/E ratio. CI operates through two divisions: Asset Management and Asset Administration.
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