Scotiabank Forecasts Strong Price Appreciation for CI Financial (TSE:CIX) Stock

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

A number of other equities research analysts have also issued reports on the stock. Jefferies Financial Group increased their price objective on shares of CI Financial from C$20.00 to C$27.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Securities raised their target price on shares of CI Financial from C$26.00 to C$28.00 and gave the company a “buy” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, CI Financial currently has an average rating of “Moderate Buy” and a consensus target price of C$23.63.

CI Financial Stock Down 1.8 %

CIX opened at C$24.08 on Friday. 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 firm’s fifty day moving average is C$20.41 and its 200 day moving average is C$17.25. The stock has a market cap of C$3.40 billion, a price-to-earnings ratio of -89.19, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. CI Financial has a fifty-two week low of C$13.59 and a fifty-two week high of C$24.95.

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.