CI Financial (TSE:CIX) Stock Price Expected to Rise, Scotiabank Analyst Says

CI Financial (TSE:CIX) had its price objective increased by Scotiabank from C$25.00 to C$26.00 in a report issued on Friday morning,BayStreet.CA reports.

Other analysts also recently issued reports about the stock. Jefferies Financial Group boosted their target price 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. TD Securities raised their price objective on CI Financial from C$26.00 to C$28.00 and gave the company a “buy” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$24.50.

CI Financial Trading Down 0.7 %

Shares of CI Financial stock opened at C$23.92 on Friday. 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 firm has a market cap of C$3.38 billion, a price-to-earnings ratio of -88.59, a PEG ratio of 0.04 and a beta of 1.67. CI Financial has a twelve month low of C$13.59 and a twelve month 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.