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

CI Financial Corp. (TSE:CIX) has received an average recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$27.94.

A number of brokerages have weighed in on CIX. Raymond James lowered CI Financial from a “moderate buy” rating to a “strong sell” rating in a research report on Thursday, January 23rd. Jefferies Financial Group boosted their price objective on shares of CI Financial from C$20.00 to C$27.00 and gave the company a “buy” rating in a report on Friday, November 1st. BMO Capital Markets raised their target price on shares of CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. Scotiabank lifted their target price on shares of CI Financial from C$25.00 to C$26.00 in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods cut CI Financial from an “outperform” rating to a “market perform” rating and increased their price target for the company from C$28.00 to C$31.50 in a report on Tuesday, November 26th.

CI Financial Stock Up 0.1 %

CI Financial stock opened at C$31.25 on Wednesday. The firm has a market cap of C$4.41 billion, a price-to-earnings ratio of -115.74, a PEG ratio of 0.04 and a beta of 1.67. 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. The stock has a fifty day simple moving average of C$31.05 and a two-hundred day simple moving average of C$23.68.

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.