Brokerages Set CI Financial Corp. (TSE:CIX) PT at C$27.94

Shares of CI Financial Corp. (TSE:CIX) have received an average recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$27.94.

CIX has been the topic of a number of analyst reports. Keefe, Bruyette & Woods cut shares of CI Financial from an “outperform” rating to a “market perform” rating and upped their price target for the stock from C$28.00 to C$31.50 in a research note on Tuesday, November 26th. Jefferies Financial Group upped their price target on shares of CI Financial from C$20.00 to C$27.00 and gave the company a “buy” rating in a research report on Friday, November 1st. CIBC increased their price objective on shares of CI Financial from C$23.00 to C$32.00 in a report on Tuesday, November 26th. BMO Capital Markets increased their target price on CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. Finally, Raymond James raised their price target on CI Financial from C$27.00 to C$32.00 in a research report on Tuesday, November 26th.

CI Financial Stock Performance

Shares of CIX stock opened at C$31.02 on Friday. The stock has a market cap of C$4.38 billion, a PE ratio of -114.89, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The company’s fifty day moving average price is C$29.59 and its 200-day moving average price is C$21.94. CI Financial has a 12 month low of C$13.87 and a 12 month high of C$31.41. 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 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.