CIBC Issues Positive Forecast for CI Financial (TSE:CIX) Stock Price

CI Financial (TSE:CIX) had its price target hoisted by CIBC from C$23.00 to C$32.00 in a research note published on Tuesday,BayStreet.CA reports.

A number of other analysts also recently weighed in on the company. Keefe, Bruyette & Woods downgraded CI Financial from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from C$28.00 to C$31.50 in a research report on Tuesday. Jefferies Financial Group boosted 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. Scotiabank increased their target price on shares of CI Financial from C$25.00 to C$26.00 in a report on Friday, November 15th. BMO Capital Markets boosted their price target on shares of CI Financial from C$22.00 to C$25.00 in a research note on Friday, November 15th. Finally, TD Securities cut CI Financial from a “buy” rating to a “sell” rating and raised their price objective for the company from C$28.00 to C$32.00 in a research note on Tuesday. One 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. Based on data from MarketBeat.com, CI Financial has an average rating of “Hold” and a consensus price target of C$27.94.

CI Financial Stock Down 0.8 %

CIX opened at C$30.98 on Tuesday. The business’s fifty day simple moving average is C$21.36 and its 200 day simple moving average is C$17.60. CI Financial has a 52 week low of C$13.59 and a 52 week high of C$31.41. 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 stock has a market cap of C$4.38 billion, a PE ratio of -115.52, a P/E/G ratio of 0.04 and a beta of 1.67.

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.