CI Financial (TSE:CIX – Get Free Report) had its price target raised by equities research analysts at Scotiabank from C$20.00 to C$21.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 27.97% from the company’s previous close.
Several other research analysts also recently weighed in on CIX. Royal Bank of Canada upped their price target on CI Financial from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a research note on Monday. Jefferies Financial Group increased their target price on CI Financial from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Monday, February 26th. BMO Capital Markets increased their target price on CI Financial from C$17.00 to C$18.00 and gave the company a “market perform” rating in a research report on Monday, February 26th. Raymond James set a C$19.00 target price on CI Financial and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Finally, TD Securities upgraded CI Financial from a “buy” rating to an “action list buy” rating and increased their target price for the company from C$21.00 to C$23.00 in a research report on Monday, February 26th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$19.72.
Read Our Latest Research Report on CI Financial
CI Financial Trading Up 0.9 %
CI Financial (TSE:CIX – Get Free Report) last announced its quarterly earnings data on Friday, February 23rd. The company reported C$0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.73 by C$0.08. The company had revenue of C$715.60 million during the quarter, compared to the consensus estimate of C$656.72 million. CI Financial had a return on equity of 0.29% and a net margin of 0.16%. As a group, equities research analysts expect that CI Financial will post 3.5093946 EPS for the current year.
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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