CI Financial (TSE:CIX) Given New C$28.00 Price Target at TD Securities

CI Financial (TSE:CIX) had its price objective lifted by TD Securities from C$26.00 to C$28.00 in a report published on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Separately, Jefferies Financial Group lifted their price objective 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. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$24.50.

CI Financial Stock Performance

Shares of CI Financial stock opened at C$23.92 on Friday. The company has a market cap of C$3.38 billion, a PE ratio of -88.59, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47. CI Financial has a 52 week low of C$13.59 and a 52 week high of C$24.95. The business has a 50 day moving average price of C$20.55 and a 200-day moving average price of C$17.29.

CI Financial Company Profile

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.