CI Financial (TSE:CIX) Stock Rating Lowered by TD Securities

CI Financial (TSE:CIX) was downgraded by equities researchers at TD Securities from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. They presently have a C$32.00 price target on the stock, up from their previous price target of C$28.00. TD Securities’ price objective would indicate a potential upside of 2.99% from the company’s current price.

Several other equities research analysts have also recently weighed in on CIX. Scotiabank boosted their target price on CI Financial from C$25.00 to C$26.00 in a research note on Friday, November 15th. Jefferies Financial Group raised 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. Keefe, Bruyette & Woods upped their target price on shares of CI Financial from C$21.00 to C$28.00 in a report on Monday, November 18th. BMO Capital Markets increased their target price on shares of CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. Finally, Raymond James boosted their price target on shares of CI Financial from C$22.00 to C$27.00 in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$27.94.

CI Financial Stock Up 0.3 %

CI Financial stock opened at C$31.07 on Tuesday. The stock has a market cap of C$4.39 billion, a PE ratio of -115.19, a P/E/G 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. The stock’s fifty day moving average is C$21.63 and its two-hundred day moving average is C$17.70. CI Financial has a 1-year low of C$13.59 and a 1-year high of C$31.41.

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.