CI Financial (TSE:CIX) Price Target Raised to C$28.00

CI Financial (TSE:CIX) had its target price boosted by Keefe, Bruyette & Woods from C$21.00 to C$28.00 in a report released on Monday morning,BayStreet.CA reports.

Several other research analysts also recently weighed in on the stock. Raymond James increased their price target on shares of CI Financial from C$22.00 to C$27.00 in a research report on Friday, November 15th. Scotiabank lifted their price objective on shares of CI Financial from C$25.00 to C$26.00 in a report on Friday, November 15th. Jefferies Financial Group raised their target price on shares of CI Financial from C$20.00 to C$27.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their price objective on shares of CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. Finally, TD Securities boosted their target price on shares of CI Financial from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$24.50.

CI Financial Trading Down 0.6 %

Shares of CIX opened at C$23.86 on Monday. CI Financial has a 1-year low of C$13.59 and a 1-year high of C$24.95. The firm has a market capitalization of C$3.37 billion, a price-to-earnings ratio of -88.37, a PEG ratio of 0.04 and a beta of 1.67. The firm’s 50-day moving average price is C$20.81 and its 200-day moving average price is C$17.40. The company has a current ratio of 0.34, a quick ratio of 0.17 and a debt-to-equity ratio of 577.47.

About CI Financial

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.