CI Financial Corp. (TSE:CIX) Given Consensus Rating of “Hold” by Analysts

Shares of CI Financial Corp. (TSE:CIX) have been given an average rating of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$27.94.

CIX has been the subject of a number of analyst reports. Raymond James lifted their target price on shares of CI Financial from C$27.00 to C$32.00 in a research note on Tuesday, November 26th. Scotiabank increased their price target on CI Financial from C$25.00 to C$26.00 in a report on Friday, November 15th. CIBC boosted their price objective on shares of CI Financial from C$23.00 to C$32.00 in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods lowered CI Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from C$28.00 to C$31.50 in a research note on Tuesday, November 26th. Finally, TD Securities cut CI Financial from a “buy” rating to a “sell” rating and increased their price objective for the company from C$28.00 to C$32.00 in a research report on Tuesday, November 26th.

CI Financial Stock Up 0.1 %

CIX opened at C$30.89 on Tuesday. The company has a market capitalization of C$4.36 billion, a PE ratio of -114.41, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The company has a debt-to-equity ratio of 577.47, a current ratio of 0.34 and a quick ratio of 0.17. CI Financial has a fifty-two week low of C$13.87 and a fifty-two week high of C$31.41. The business has a 50-day moving average of C$25.89 and a 200-day moving average of C$19.57.

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.