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RBC Capital analyst Geoffrey Kwan maintained a Buy rating on CI Financial (CIFAF – Research Report) on April 23 and set a price target of C$24.00.
According to TipRanks.com, Kwan is a 3-star analyst with an average return of 3.3% and a 55.5% success rate. Kwan covers the Financial sector, focusing on stocks such as Brookfield Asset Mng, Element Financial, and Equitable Group.
Currently, the analyst consensus on CI Financial is a Moderate Buy with an average price target of $17.64.
Based on CI Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $566 million and net profit of $105 million. In comparison, last year the company earned revenue of $536 million and had a net profit of $148 million.
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