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

CI Financial (TSE:CIX) had its price objective upped by CIBC from C$23.00 to C$32.00 in a research note published on Tuesday,BayStreet.CA reports.

Several other brokerages also recently commented on CIX. Scotiabank raised their target price on CI Financial from C$25.00 to C$26.00 in a research note on Friday, November 15th. TD Securities lowered shares of CI Financial from a “buy” rating to a “sell” rating and raised their price objective for the company from C$28.00 to C$32.00 in a research report on Tuesday. Jefferies Financial Group upped their target price 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. BMO Capital Markets raised their price target on shares of CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. Finally, Raymond James boosted their price target on shares of CI Financial from C$27.00 to C$32.00 in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$27.94.

CI Financial Trading Down 0.2 %

TSE:CIX opened at C$31.01 on Tuesday. The company has a market cap of C$4.38 billion, a P/E ratio of -115.11, a P/E/G ratio of 0.04 and a beta of 1.67. CI Financial has a 1 year low of C$13.70 and a 1 year high of C$31.41. The company has a debt-to-equity ratio of 577.47, a current ratio of 0.34 and a quick ratio of 0.17. The stock’s fifty day moving average price is C$21.90 and its two-hundred day moving average price is C$17.80.

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.