Scotiabank Boosts CI Financial (TSE:CIX) Price Target to C$26.00

CI Financial (TSE:CIX) had its price target raised by Scotiabank from C$25.00 to C$26.00 in a report released on Friday,BayStreet.CA reports.

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

CI Financial Stock Performance

Shares of TSE:CIX opened at C$23.92 on Friday. The firm’s 50 day simple moving average is C$20.55 and its 200-day simple moving average is C$17.29. The company has a debt-to-equity ratio of 577.47, a quick ratio of 0.17 and a current ratio of 0.34. CI Financial has a one year low of C$13.59 and a one year high of C$24.95. The firm has a market cap of C$3.38 billion, a PE ratio of -88.59, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67.

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.