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

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

CI Financial Price Performance

CIX opened at C$31.00 on Tuesday. CI Financial Corp. has a fifty-two week low of C$13.87 and a fifty-two week high of C$31.41. The firm has a 50-day moving average of C$24.99 and a 200 day moving average of C$19.09. The company has a debt-to-equity ratio of 577.47, a quick ratio of 0.17 and a current ratio of 0.34. The firm has a market cap of C$4.38 billion, a P/E ratio of -114.81, a PEG ratio of 0.04 and a beta of 1.67.

Wall Street Analysts Forecast Growth

CIX has been the subject of several analyst reports. Raymond James raised their target price on CI Financial from C$27.00 to C$32.00 in a report on Tuesday, November 26th. BMO Capital Markets increased their price target on CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. Scotiabank lifted their price objective on shares of CI Financial from C$25.00 to C$26.00 in a report on Friday, November 15th. Keefe, Bruyette & Woods downgraded shares of CI Financial from an “outperform” rating to a “market perform” rating and increased their target price for the company from C$28.00 to C$31.50 in a report on Tuesday, November 26th. Finally, CIBC boosted their price target on shares of CI Financial from C$23.00 to C$32.00 in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$27.94.

CI Financial Company Profile

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.