What Will Happen to CI Financial Corp Next? The Stock Just Has Lifted A Lot

 What Will Happen to CI Financial Corp Next? The Stock Just Has Lifted A Lot

The stock of CI Financial Corp (TSE:CIX) is a huge mover today! About 45,766 shares traded hands. CI Financial Corp (TSE:CIX) has declined 5.27% since April 18, 2016 and is downtrending. It has underperformed by 9.83% the S&P500.
The move comes after 9 months positive chart setup for the $7.12B company. It was reported on Nov, 22 by Barchart.com. We have $27.04 PT which if reached, will make TSE:CIX worth $213.60M more.

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 10.25% above today’s ($26.25) stock price. CI Financial has been the topic of 28 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, November 4 by TD Securities. The firm has “Buy” rating given on Friday, November 4 by Canaccord Genuity. On Thursday, November 3 the stock rating was maintained by Scotia Capital with “Sector Perform”.

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 $7.12 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 14.1 P/E ratio. CI operates through two divisions: Asset Management and Asset Administration.

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