CI Financial (TSE:CIX) had its price objective cut by Desjardins from C$30.00 to C$29.00 in a report issued on Friday, February 16th. Desjardins also issued estimates for CI Financial’s Q1 2018 earnings at $0.63 EPS, Q2 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.67 EPS, Q4 2018 earnings at $0.67 EPS, FY2018 earnings at $2.62 EPS and FY2019 earnings at $2.71 EPS.
CIX has been the topic of several other reports. Barclays lowered their price target on shares of CI Financial from C$32.00 to C$31.00 in a report on Monday, November 13th. Royal Bank of Canada lowered their price target on shares of CI Financial from C$28.00 to C$26.00 and set an underperform rating on the stock in a report on Friday, February 16th. CIBC boosted their price target on shares of CI Financial from C$32.50 to C$33.00 in a report on Monday, November 13th. Finally, TD Securities upped their price objective on shares of CI Financial from C$29.00 to C$30.00 and gave the stock a hold rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of C$29.86.
CI Financial (TSE CIX) traded down C$0.04 during trading on Friday, hitting C$28.34. 857,236 shares of the stock traded hands, compared to its average volume of 601,722. CI Financial has a fifty-two week low of C$25.79 and a fifty-two week high of C$30.23. The stock has a market cap of $7,720.00, a PE ratio of 14.61 and a beta of 0.49.
In related news, Director Neal A. Kerr sold 3,800 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of C$29.59, for a total value of C$112,442.00. Also, Director Neal A. Kerr sold 4,500 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of C$30.12, for a total transaction of C$135,540.00. Insiders sold 8,916 shares of company stock valued at $266,288 over the last quarter.
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About CI Financial
CI Financial Corp. (CI) is a wealth management and investment fund company. The Company 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. CI operates through two segments: Asset Management and Asset Administration.
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