Cigna Corporation (CI) : Analyst Rating Update

Cigna Corporation (CI) has an average broker rating of 2.17, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Cigna Corporation (CI) stock is expected to deviate a maximum of $21.4 from the average target price of $157.7 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $174 and the most muted being $99.

Cigna Corporation (NYSE:CI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $126.58 and $125.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $129.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $128.30, notching a gain of 1.22% for the day. The total traded volume was 1,584,881 . The stock had closed at $126.75 on the previous day.

Also, Stifel Nicolaus initiates coverage on Cigna Corporation (NYSE:CI).The analysts at the brokerage house have a current rating of Buy on the shares. The rating by the firm was issued on June 28, 2016. The company shares have dropped -15.75% from its 1 Year high price. On Jul 10, 2015, the shares registered one year high at $159.43 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $128.21 and the 200 Day Moving Average price is recorded at $135.21.

Cigna Corporation (Cigna), together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. The Company operates in three segments: Global Health Care, Global Supplemental Benefits and Group Disability and Life. The Global Health Care segment aggregates the commercial and Government operating segments. The Global Supplemental Benefits segment offers supplemental health, life and accident insurance products. The Group Disability and Life segment provides group long-term and short-term disability insurance, group life insurance, accident and specialty insurance and related services. Cigna offers commercial health and dental insurance, Medicare and Medicaid products and health, life and accident insurance coverages to individuals. It offers personal accident insurance coverage, consisting of accidental death and dismemberment and travel accident insurance.

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