CI Financial Corp. (TSE:CIX) Receives Consensus Recommendation of “Hold” from Brokerages

CI Financial Corp. (TSE:CIX) has been given an average recommendation of “Hold” by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$27.94.

A number of analysts have issued reports on CIX shares. CIBC raised their target price on CI Financial from C$23.00 to C$32.00 in a research report on Tuesday. Scotiabank boosted their price objective on CI Financial from C$25.00 to C$26.00 in a research note on Friday, November 15th. Raymond James increased their target price on shares of CI Financial from C$27.00 to C$32.00 in a research report on Tuesday. TD Securities lowered shares of CI Financial from a “buy” rating to a “sell” rating and boosted their price target for the company from C$28.00 to C$32.00 in a research report on Tuesday. Finally, 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.

CI Financial Stock Down 0.2 %

CI Financial stock opened at C$31.01 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 company has a market capitalization of C$4.38 billion, a P/E ratio of -114.85, a P/E/G ratio of 0.04 and a beta of 1.67. The firm has a 50 day moving average price of C$21.90 and a 200-day moving average price of C$17.80. CI Financial has a twelve month low of C$13.70 and a twelve month high of C$31.41.

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.