CI Financial (CIX) Receives a Sell from RBC Capital


Today, an analyst has provided a rating update for the Financial sector company, CI Financial (CIX). Analyst Geoffrey Kwan from RBC Capital reiterated a Sell rating, with a C$17 price target.

According to TipRanks.com, Kwan is a 3-star analyst with an average return of 1.0% and a 41.6% success rate. Kwan covers the Financial sector, focusing on stocks such as Element Financial, IGM Financial, and Sprott Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for CI Financial with a C$21.38 average price target.

The company has a one-year high of C$30.23 and a one-year low of C$16.47. Currently, CI Financial has an average volume of 860.6K.

CI Financial Corp. engages in the business of management, marketing, distribution, and administration of investment funds. It operates in 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 company’s shares closed on Tuesday at C$17.62, close to its 52-week low of C$16.47.

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