Analysts Set CI Financial Corp. (TSE:CIX) PT at C$27.94

CI Financial Corp. (TSE:CIX) has earned an average recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$27.94.

CIX has been the subject of a number of research reports. Raymond James cut CI Financial from a “moderate buy” rating to a “strong sell” rating in a research report on Thursday, January 23rd. TD Securities lowered shares of CI Financial from a “buy” rating to a “sell” rating and upped their price target for the company from C$28.00 to C$32.00 in a research report on Tuesday, November 26th. Jefferies Financial Group raised their price objective on shares of CI Financial from C$20.00 to C$27.00 and gave the stock a “buy” rating in a report on Friday, November 1st. CIBC upped their target price on shares of CI Financial from C$23.00 to C$32.00 in a report on Tuesday, November 26th. Finally, BMO Capital Markets lifted their price target on shares of CI Financial from C$22.00 to C$25.00 in a research note on Friday, November 15th.

CI Financial Trading Down 0.1 %

TSE:CIX opened at C$31.36 on Wednesday. The company has a market cap of C$4.52 billion, a PE ratio of -65.37, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The company has a current ratio of 0.32, a quick ratio of 0.17 and a debt-to-equity ratio of 506.88. The company has a 50 day simple moving average of C$31.08 and a two-hundred day simple moving average of C$24.21. CI Financial has a 12 month low of C$13.87 and a 12 month high of C$31.43.

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.