Scotiabank Raises CI Financial (OTCMKTS:CIFAF) Price Target to $17.00

CI Financial (OTCMKTS:CIFAF) had its price objective lifted by Scotiabank from $16.00 to $17.00 in a research note released on Monday, The Fly reports. The firm currently has a sector perform rating on the stock.

CIFAF has been the subject of a number of other research reports. Royal Bank of Canada upped their price target on CI Financial from $16.00 to $17.00 and gave the stock a sector perform rating in a research report on Thursday, May 7th. They noted that the move was a valuation call. TD Securities raised CI Financial from a hold rating to a buy rating in a research report on Thursday, May 7th. Finally, Canaccord Genuity upped their price target on CI Financial from $17.00 to $18.00 and gave the stock a buy rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $19.50.

OTCMKTS CIFAF remained flat at $$12.24 on Monday. 750 shares of the company traded hands, compared to its average volume of 3,773. CI Financial has a 1-year low of $7.50 and a 1-year high of $19.22. The firm’s fifty day simple moving average is $11.74 and its 200 day simple moving average is $13.65.

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.

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