The stock of CI Financial Corp (TSE:CIX) is a huge mover today! About 197,393 shares traded hands. CI Financial Corp (TSE:CIX) has declined 4.30% since April 26, 2016 and is downtrending. It has underperformed by 9.53% the S&P500.
The move comes after 8 months negative chart setup for the $7.21 billion company. It was reported on Nov, 30 by Barchart.com. We have $24.43 PT which if reached, will make TSE:CIX worth $576.80M 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 9.00% above today’s ($26.55) stock price. CI Financial has been the topic of 28 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Friday, November 4, the company rating was upgraded by Canaccord Genuity. The company was maintained on Thursday, November 3 by Scotia Capital. The stock has “Hold” rating given by TD Securities on Friday, November 4.
More recent CI Financial Corp (TSE:CIX) news were published by: Reuters.com which released: “BRIEF-CI Financial Corp announces new debenture financing” on November 22, 2016. Also Seekingalpha.com published the news titled: “CI Financial Corp – Nobody Is Noticing The Turnaround Yet” on September 26, 2016. Wsj.com‘s news article titled: “Canada Regulator Reaches No-Contest Settlement With CI Financial Unit” with publication date: February 10, 2016 was also an interesting one.
CI Financial Corp. is a wealth management and investment fund company. The company has a market cap of $7.21 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 14.27 P/E ratio. CI operates through two divisions: Asset Management and Asset Administration.
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