CI Financial Corp. (TSE:CIX - Get Free Report) Director Jennifer Francine Sinopoli sold 574 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$31.02, for a total value of C$17,805.48. Following the completion of the sale, the director now owns 554 shares in the company, valued at C$17,185.08. This represents a 50.89 % decrease in their ownership of the stock.
CI Financial Price Performance
TSE:CIX opened at C$31.00 on Tuesday. The firm has a market capitalization of C$4.38 billion, a price-to-earnings ratio of -114.81, a P/E/G ratio of 0.04 and a beta of 1.67. The company has a debt-to-equity ratio of 577.47, a quick ratio of 0.17 and a current ratio of 0.34. The stock has a fifty day moving average of C$24.99 and a 200 day moving average of C$19.09. CI Financial Corp. has a 52-week low of C$13.87 and a 52-week high of C$31.41.
Analyst Upgrades and Downgrades
CIX has been the subject of several recent research reports. TD Securities downgraded shares of CI Financial from a "buy" rating to a "sell" rating and lifted their target price for the stock from C$28.00 to C$32.00 in a research note on Tuesday, November 26th. Raymond James boosted their target price on shares of CI Financial from C$27.00 to C$32.00 in a report on Tuesday, November 26th. CIBC raised their price target on CI Financial from C$23.00 to C$32.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods lowered CI Financial from an "outperform" rating to a "market perform" rating and boosted their price objective for the company from C$28.00 to C$31.50 in a research note on Tuesday, November 26th. Finally, Scotiabank raised their target price on CI Financial from C$25.00 to C$26.00 in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, CI Financial currently has an average rating of "Hold" and a consensus price target of C$27.94.
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About CI Financial
(
Get Free Report)
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.
Further Reading
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