RBC Capital analyst Geoffrey Kwan maintained a Hold rating on CI Financial (CIXXF – Research Report) today and set a price target of C$20.00. The company’s shares opened today at $11.86.
According to TipRanks, Kwan is a 5-star analyst with an average return of 7.0% and a 59.58% success rate. Kwan covers the Financial sector, focusing on stocks such as goeasy, CI Financial, and Sprott.
CI Financial has an analyst consensus of Moderate Buy, with a price target consensus of $14.72.
CIXXF market cap is currently $1.84B and has a P/E ratio of 544.27.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CIXXF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CI Financial (CIXXF) Company Description:
CI Financial Corp. engages in the business of management, marketing, distribution, and administration of investment funds. It operates through the Asset Management and Asset Administration segments. The Asset Management segment includes fees earned on the management of mutual, segregated, pooled and closed-end funds, structured products and discretionary accounts. The Asset Administration segment involves commissions and fees earned on the sale of mutual funds and other financial products and ongoing service to clients. It offers services through brokers, independent financial planners, and insurance advisors. The company was founded in 1965 and is headquartered in Toronto, Canada.
