CI Financial (CIXX) Receives a Buy from Canaccord Genuity

Canaccord Genuity analyst Scott Chan CFA maintained a Buy rating on CI Financial (CIXXResearch Report) today and set a price target of C$22.00. The company’s shares opened today at $11.54.

Chan CFA covers the Financial sector, focusing on stocks such as CI Financial, Bank Of Montreal, and Bank Of Nova Scotia. According to TipRanks, Chan CFA has an average return of 6.6% and a 49.63% success rate on recommended stocks.

Currently, the analyst consensus on CI Financial is a Moderate Buy with an average price target of $13.80.

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The company has a one-year high of $19.93 and a one-year low of $8.38. Currently, CI Financial has an average volume of 58.66K.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CIXX 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 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.

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