BMO Capital Markets Issues Positive Forecast for CI Financial (TSE:CIX) Stock Price

CI Financial (TSE:CIX) had its price target raised by equities research analysts at BMO Capital Markets from C$22.00 to C$25.00 in a research note issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 3.82% from the stock’s current price.

A number of other brokerages have also weighed in on CIX. Scotiabank boosted their price objective on shares of CI Financial from C$25.00 to C$26.00 in a report on Friday. TD Securities boosted their price target on CI Financial from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group upped their price target on CI Financial from C$20.00 to C$27.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Raymond James lifted their price objective on CI Financial from C$22.00 to C$27.00 in a report on Friday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$23.63.

CI Financial Stock Down 1.8 %

TSE:CIX opened at C$24.08 on Friday. The company has a debt-to-equity ratio of 577.47, a quick ratio of 0.17 and a current ratio of 0.34. The firm has a market cap of C$3.40 billion, a P/E ratio of -89.19, a P/E/G ratio of 0.04 and a beta of 1.67. CI Financial has a fifty-two week low of C$13.59 and a fifty-two week high of C$24.95. The firm has a 50-day simple moving average of C$20.41 and a two-hundred day simple moving average of C$17.25.

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.