CI Financial Corp Has Another Very Weak Trading Session

 CI Financial Corp Has Another Very Weak Trading Session

The stock of CI Financial Corp (TSE:CIX) is a huge mover today! About 93,051 shares traded hands. CI Financial Corp (TSE:CIX) has declined 10.70% since April 11, 2016 and is downtrending. It has underperformed by 14.63% the S&P500.
The move comes after 7 months negative chart setup for the $6.74B company. It was reported on Nov, 15 by Barchart.com. We have $23.00 PT which if reached, will make TSE:CIX worth $606.60M less.

CI Financial Corp (TSE:CIX) Ratings Coverage

Out of 7 analysts covering CI Financial (TSE:CIX), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. $38 is the highest target while $25 is the lowest. The $28.94 average target is 14.48% above today’s ($25.28) stock price. CI Financial has been the topic of 28 analyst reports since July 22, 2015 according to StockzIntelligence Inc. TD Securities maintained it with “Hold” rating and $25 target price in Friday, November 4 report. Scotia Capital maintained the stock with “Sector Perform” rating in Thursday, November 3 report. The rating was upgraded by Canaccord Genuity to “Buy” on Friday, November 4.

Another recent and important CI Financial Corp (TSE:CIX) news was published by Seekingalpha.com which published an article titled: “CI Financial Corp – Nobody Is Noticing The Turnaround Yet” on September 26, 2016.

CI Financial Corp. is a wealth management and investment fund company. The company has a market cap of $6.74 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 13.58 P/E ratio. CI operates through two divisions: Asset Management and Asset Administration.

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