CI Financial Corp. (TSE:CIX) Receives C$27.94 Consensus Price Target from Brokerages

Shares of CI Financial Corp. (TSE:CIX) have received an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$27.94.

A number of equities research analysts have recently issued reports on the stock. TD Securities lowered shares of CI Financial from a “buy” rating to a “sell” rating and upped their target price for the company from C$28.00 to C$32.00 in a research note on Tuesday, November 26th. BMO Capital Markets increased their target price on CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. CIBC boosted their price target on CI Financial from C$23.00 to C$32.00 in a report on Tuesday, November 26th. Jefferies Financial Group raised their price objective on CI Financial from C$20.00 to C$27.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Keefe, Bruyette & Woods lowered shares of CI Financial from an “outperform” rating to a “market perform” rating and boosted their target price for the company from C$28.00 to C$31.50 in a research note on Tuesday, November 26th.

CI Financial Stock Up 0.1 %

Shares of TSE:CIX opened at C$31.05 on Friday. The firm has a market cap of C$4.39 billion, a PE ratio of -115.00, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The company has a fifty day simple moving average of C$22.44 and a 200 day simple moving average of C$18.01. The company has a current ratio of 0.34, a quick ratio of 0.17 and a debt-to-equity ratio of 577.47. CI Financial has a 12-month low of C$13.87 and a 12-month 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.