CI Financial Corp. (TSE:CIX – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.44 and traded as high as C$21.52. CI Financial shares last traded at C$21.21, with a volume of 304,255 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. TD Securities lowered their price target on shares of CI Financial from C$21.00 to C$20.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Jefferies Financial Group upped their price target on shares of CI Financial from C$19.00 to C$20.00 in a report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, CI Financial presently has a consensus rating of “Moderate Buy” and an average target price of C$19.38.
Get Our Latest Research Report on CI Financial
CI Financial Price Performance
CI Financial (TSE:CIX – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported C$0.90 earnings per share for the quarter. CI Financial had a negative net margin of 1.54% and a negative return on equity of 4.48%. The business had revenue of C$985.96 million for the quarter. On average, equities analysts anticipate that CI Financial Corp. will post 4.010142 EPS for the current fiscal 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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