CI Financial (OTCMKTS:CIFAF) Raised to “Hold” at Royal Bank of Canada

Royal Bank of Canada upgraded shares of CI Financial (OTCMKTS:CIFAF) to a hold rating in a report released on Friday, Stock Target Advisor reports. Royal Bank of Canada currently has $23.00 target price on the stock.

Separately, Barclays restated a sell rating on shares of CI Financial in a research note on Monday, August 26th.

CI Financial stock traded up $0.62 during midday trading on Friday, reaching $16.58. 1,502 shares of the stock traded hands, compared to its average volume of 8,458. CI Financial has a fifty-two week low of $12.02 and a fifty-two week high of $16.58. The firm has a fifty day moving average price of $15.24 and a two-hundred day moving average price of $15.12.

CI Financial Company Profile

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.

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