CI Financial (TSE:CIX) Given New C$25.00 Price Target at BMO Capital Markets

CI Financial (TSE:CIX) had its target price raised by BMO Capital Markets from C$22.00 to C$25.00 in a report issued on Friday morning,BayStreet.CA reports.

CIX has been the subject of a number of other reports. Raymond James increased their target price on CI Financial from C$22.00 to C$27.00 in a report on Friday. Scotiabank increased their target price on CI Financial from C$25.00 to C$26.00 in a report on Friday. TD Securities raised their price objective on shares of CI Financial from C$26.00 to C$28.00 and gave the company a “buy” rating in a research report on Friday. Finally, Jefferies Financial Group upped their price objective on 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.50.

CI Financial Price Performance

Shares of TSE:CIX opened at C$23.92 on Friday. The business’s 50 day moving average is C$20.55 and its 200-day moving average is C$17.29. The company has a current ratio of 0.34, a quick ratio of 0.17 and a debt-to-equity ratio of 577.47. The firm has a market capitalization of C$3.38 billion, a PE ratio of -88.59, a PEG ratio of 0.04 and a beta of 1.67. CI Financial has a 1-year low of C$13.59 and a 1-year high of C$24.95.

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.