CI Financial (TSE:CIX – Free Report) had its price target boosted by Royal Bank of Canada from C$19.00 to C$20.00 in a research note published on Monday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.
Other equities analysts have also recently issued research reports about the company. Scotiabank raised their price objective on CI Financial from C$19.00 to C$20.00 and gave the company a sector perform rating in a report on Monday, February 26th. CIBC boosted their price target on CI Financial from C$15.00 to C$17.50 and gave the stock a neutral rating in a research report on Monday, January 29th. Raymond James set a C$19.00 price objective on CI Financial and gave the company a market perform rating in a report on Thursday, February 22nd. Jefferies Financial Group boosted their target price on shares of CI Financial from C$19.00 to C$20.00 and gave the stock a buy rating in a report on Monday, February 26th. Finally, TD Securities raised shares of CI Financial from a buy rating to an action list buy rating and upped their price target for the stock from C$21.00 to C$23.00 in a research report on Monday, February 26th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, CI Financial currently has a consensus rating of Hold and a consensus price target of C$19.61.
View Our Latest Stock Analysis on CI Financial
CI Financial Stock Up 1.8 %
CI Financial (TSE:CIX – Get Free Report) last posted 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. CI Financial had a net margin of 0.16% and a return on equity of 0.29%. The company had revenue of C$715.60 million for the quarter, compared to the consensus estimate of C$656.72 million. On average, analysts predict 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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