Raymond James Issues Positive Forecast for CI Financial (TSE:CIX) Stock Price

CI Financial (TSE:CIX) had its target price hoisted by Raymond James from C$22.00 to C$27.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Several other equities analysts have also commented on CIX. Jefferies Financial Group increased their price target on shares of CI Financial from C$20.00 to C$27.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Securities lifted their price target on shares of CI Financial from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Scotiabank upped their price objective on shares of CI Financial from C$25.00 to C$26.00 in a research note on Friday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$24.50.

CI Financial Trading Down 0.7 %

TSE:CIX opened at C$23.92 on Friday. CI Financial has a 1 year low of C$13.59 and a 1 year high of C$24.95. The stock has a market cap of C$3.38 billion, a P/E ratio of -88.59, a P/E/G ratio of 0.04 and a beta of 1.67. 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 stock has a 50-day simple moving average of C$20.55 and a 200-day simple moving average of C$17.29.

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.