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

CI Financial (TSE:CIX) had its price target hoisted by research analysts at CIBC from C$23.00 to C$32.00 in a report issued on Tuesday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 2.60% from the stock’s current price.

CIX has been the topic of several other research reports. TD Securities downgraded shares of CI Financial from a “buy” rating to a “sell” rating and upped their target price for the stock from C$28.00 to C$32.00 in a research note on Tuesday. BMO Capital Markets boosted their price objective on shares of CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. Raymond James boosted their price objective on shares of CI Financial from C$27.00 to C$32.00 in a report on Tuesday. Jefferies Financial Group boosted their price objective on shares of 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, Keefe, Bruyette & Woods cut shares of CI Financial from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from C$28.00 to C$31.50 in a report on Tuesday. One investment 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. According to data from MarketBeat.com, CI Financial currently has a consensus rating of “Hold” and a consensus target price of C$27.94.

CI Financial Stock Down 0.1 %

Shares of TSE CIX traded down C$0.03 during midday trading on Tuesday, hitting C$31.19. The stock had a trading volume of 2,177,678 shares, compared to its average volume of 448,694. The business’s 50 day moving average is C$21.36 and its 200-day moving average is C$17.60. The company has a market cap of C$4.41 billion, a P/E ratio of -115.44, a PEG ratio of 0.04 and a beta of 1.67. CI Financial has a 52 week low of C$13.59 and a 52 week high of C$31.41. The company has a quick ratio of 0.17, a current ratio of 0.34 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.