CI Financial (TSE:CIX) Price Target Raised to C$32.00

CI Financial (TSE:CIX) had its price target boosted by Raymond James from C$27.00 to C$32.00 in a research report released on Tuesday,BayStreet.CA reports.

CIX has been the topic of several other reports. BMO Capital Markets lifted their price objective on CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. TD Securities downgraded shares of CI Financial from a “buy” rating to a “sell” rating and increased their price objective for the company from C$28.00 to C$32.00 in a research note on Tuesday. Scotiabank boosted their target price on shares of CI Financial from C$25.00 to C$26.00 in a research report on Friday, November 15th. Keefe, Bruyette & Woods upped their target price on shares of CI Financial from C$21.00 to C$28.00 in a research note on Monday, November 18th. Finally, Jefferies Financial Group boosted 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$27.94.

CI Financial Stock Performance

Shares of TSE:CIX opened at C$31.01 on Tuesday. The business’s 50-day simple moving average is C$21.90 and its 200 day simple moving average is C$17.80. The company has a market cap of C$4.38 billion, a P/E ratio of -115.11, a PEG 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. CI Financial has a one year low of C$13.70 and a one year high of C$31.41.

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.