RBC Capital Remains a Hold on CI Financial (CIFAF)

By Jason Carr

RBC Capital analyst Geoffrey Kwan maintained a Hold rating on CI Financial (CIFAFResearch Report) on February 14 and set a price target of C$28.00. The company’s shares closed last Monday at $19.03, close to its 52-week high of $19.22.

According to TipRanks.com, Kwan is a 4-star analyst with an average return of 6.9% and a 54.6% success rate. Kwan covers the Financial sector, focusing on stocks such as Element Financial, Equitable Group, and IGM Financial.

Currently, the analyst consensus on CI Financial is a Hold with an average price target of $19.99, which is a 5.1% upside from current levels. In a report issued on February 14, CIBC also maintained a Hold rating on the stock with a C$26.00 price target.

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The company has a one-year high of $19.22 and a one-year low of $13.38. Currently, CI Financial has an average volume of 13.56K.

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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.