CI Financial Receives a Sell from RBC Capital

By Jason Carr

CI Financial (TSX: CIX), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Darko Mihelic from RBC Capital reiterated a Sell rating, with a C$27 price target.

According to TipRanks.com, Mihelic is a 4-star analyst with an average return of 5.3% and a 64.2% success rate. Mihelic covers the Financial sector, focusing on stocks such as Manulife Financial Corp, Goldman Sachs Group Inc, and Toronto Dominion Bank.

CI Financial has an analyst consensus of Moderate Buy, with a price target consensus of C$29.75.

The company has a one year high of C$29.94 and a one year low of C$23.52. Currently, CI Financial has an average volume of 439.5K.

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 company’s shares closed on Friday at C$27.44.