Jennifer Francine Sinopoli Sells 574 Shares of CI Financial Corp. (TSE:CIX) Stock

CI Financial Corp. (TSE:CIX) Director Jennifer Francine Sinopoli sold 574 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$31.02, for a total value of C$17,805.48. Following the transaction, the director now owns 554 shares in the company, valued at approximately C$17,185.08. This trade represents a 50.89 % decrease in their ownership of the stock.

CI Financial Stock Performance

CIX opened at C$30.89 on Wednesday. The firm has a 50 day moving average of C$25.23 and a two-hundred day moving average of C$19.17. The firm has a market capitalization of C$4.36 billion, a PE ratio of -114.41, a P/E/G ratio of 0.04 and a beta of 1.67. The company has a current ratio of 0.34, a quick ratio of 0.17 and a debt-to-equity ratio of 577.47. CI Financial Corp. has a 12-month low of C$13.87 and a 12-month high of C$31.41.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. TD Securities downgraded CI Financial from a “buy” rating to a “sell” rating and raised their price target for the stock from C$28.00 to C$32.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods cut shares of CI Financial from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from C$28.00 to C$31.50 in a research note on Tuesday, November 26th. Raymond James upped their price target on shares of CI Financial from C$27.00 to C$32.00 in a research note on Tuesday, November 26th. CIBC raised their price target on shares of CI Financial from C$23.00 to C$32.00 in a report on Tuesday, November 26th. Finally, BMO Capital Markets boosted their price objective on shares of CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, CI Financial presently has a consensus rating of “Hold” and an average price target of C$27.94.

About CI Financial

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.