Desjardins Sticks to Their Hold Rating for CI Financial (CIX)

By Austin Angelo

A Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. CI Financial (CIXResearch Report) received a Hold rating from Desjardins’ analyst Gary Ho, with a C$20 price target.

According to TipRanks.com, Ho is ranked #2781 out of 5142 analysts.

CI Financial has an analyst consensus of Hold, with a price target consensus of C$19.83, which is a 12.2% upside from current levels. In a report issued on January 21, Barclays also maintained a Hold rating on the stock with a C$19 price target.

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CI Financial’s market cap is currently C$4.47B and has a P/E ratio of 8.3. The company has a Price to Book ratio of 3.11.

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 Monday at C$17.68, close to its 52-week low of C$16.47.