CI Financial (TSE:CIX) Price Target Raised to C$27.00

CI Financial (TSE:CIXFree Report) had its price objective hoisted by Jefferies Financial Group from C$20.00 to C$27.00 in a research report released on Friday morning, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

Separately, TD Securities cut their price target on shares of CI Financial from C$21.00 to C$20.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$20.25.

Check Out Our Latest Report on CI Financial

CI Financial Price Performance

CIX stock opened at C$22.96 on Friday. CI Financial has a 52-week low of C$13.08 and a 52-week high of C$23.33. The stock’s fifty day simple moving average is C$19.07 and its 200-day simple moving average is C$16.75. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47. The stock has a market capitalization of C$3.24 billion, a price-to-earnings ratio of -85.04, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67.

CI Financial (TSE:CIXGet Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.90 earnings per share (EPS) for the quarter. The firm had revenue of C$985.96 million during the quarter. CI Financial had a negative return on equity of 4.48% and a negative net margin of 1.54%. Equities research analysts expect that CI Financial will post 4.010142 EPS for the current year.

CI Financial Company Profile

(Get Free Report)

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.

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Analyst Recommendations for CI Financial (TSE:CIX)

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