CI Financial (TSE:CIX) Price Target Raised to C$27.00 at Raymond James

CI Financial (TSE:CIX) had its target price increased by research analysts at Raymond James from C$22.00 to C$27.00 in a research report issued on Friday,BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 12.27% from the company’s current price.

A number of other research firms also recently commented on CIX. Jefferies Financial Group lifted their target price on shares of 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. Scotiabank lifted their target price on shares of CI Financial from C$25.00 to C$26.00 in a research report on Friday. Finally, TD Securities lifted their target price on shares of CI Financial from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$23.63.

CI Financial Stock Down 1.9 %

Shares of CIX traded down C$0.47 on Friday, hitting C$24.05. 204,884 shares of the stock traded hands, compared to its average volume of 421,847. The company has a debt-to-equity ratio of 577.47, a quick ratio of 0.17 and a current ratio of 0.34. CI Financial has a one year low of C$13.59 and a one year high of C$24.95. The company has a market capitalization of C$3.40 billion, a PE ratio of -89.07, a P/E/G ratio of 0.04 and a beta of 1.67. The business has a 50 day simple moving average of C$20.28 and a 200 day simple moving average of C$17.19.

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.