CI Financial (TSE:CIX) Price Target Raised to C$32.00

CI Financial (TSE:CIX) had its price target lifted by Raymond James from C$27.00 to C$32.00 in a research note published on Tuesday,BayStreet.CA reports.

Other analysts have also issued reports about the company. Jefferies Financial Group lifted their target price on CI Financial from C$20.00 to C$27.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets upped their target price on CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. TD Securities downgraded shares of CI Financial from a “buy” rating to a “sell” rating and raised their price target for the stock from C$28.00 to C$32.00 in a research report on Tuesday. Scotiabank upped their price target on shares of CI Financial from C$25.00 to C$26.00 in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of CI Financial from C$21.00 to C$28.00 in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$27.94.

CI Financial Price Performance

Shares of CIX stock opened at C$31.05 on Tuesday. The firm has a fifty day simple moving average of C$22.17 and a 200-day simple moving average of C$17.90. The company has a market capitalization of C$4.39 billion, a PE ratio of -115.00, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. CI Financial has a twelve month low of C$13.87 and a twelve 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.

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.