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

CI Financial Corp. (TSE:CIX) has been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$27.94.

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods downgraded CI Financial from an “outperform” rating to a “market perform” rating and raised their target price for the company from C$28.00 to C$31.50 in a research note on Tuesday, November 26th. BMO Capital Markets increased their price target on shares of CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. Raymond James cut shares of CI Financial from a “moderate buy” rating to a “strong sell” rating in a report on Thursday, January 23rd. CIBC raised their target price on shares of CI Financial from C$23.00 to C$32.00 in a report on Tuesday, November 26th. Finally, TD Securities lowered shares of CI Financial from a “buy” rating to a “sell” rating and raised their price target for the company from C$28.00 to C$32.00 in a research note on Tuesday, November 26th.

CI Financial Trading Down 0.1 %

CIX stock opened at C$31.12 on Friday. CI Financial has a 52 week low of C$13.87 and a 52 week high of C$31.48. The company has a market cap of C$4.49 billion, a price-to-earnings ratio of -64.87, a PEG ratio of 0.04 and a beta of 1.67. The company has a quick ratio of 0.17, a current ratio of 0.32 and a debt-to-equity ratio of 506.88. The business has a fifty day simple moving average of C$31.19 and a 200-day simple moving average of C$25.75.

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.