CI Financial (TSE:CIX – Get Free Report) had its price target increased by research analysts at Royal Bank of Canada from C$19.00 to C$20.00 in a research note issued on Monday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 23.00% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets boosted their price objective on shares of 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. Scotiabank boosted their price objective on shares of CI Financial from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. TD Securities raised shares of CI Financial from a “buy” rating to an “action list buy” rating and boosted their price objective for the company from C$21.00 to C$23.00 in a research report on Monday, February 26th. Jefferies Financial Group boosted their price objective on shares of 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. Finally, Raymond James set a C$19.00 price target on shares of CI Financial and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$19.72.
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CI Financial Trading Down 1.1 %
CI Financial (TSE:CIX – Get Free Report) last released its quarterly earnings results on Friday, February 23rd. The company reported C$0.81 earnings per share for the quarter, topping the consensus estimate of C$0.73 by C$0.08. The business had revenue of C$715.60 million for the quarter, compared to the consensus estimate of C$656.72 million. CI Financial had a net margin of 0.16% and a return on equity of 0.29%. On average, equities research analysts forecast that CI Financial will post 3.5093946 earnings per share for the current fiscal year.
About CI Financial
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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