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

CI Financial Corp. (TSE:CIX) has been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$27.94.

A number of analysts have recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. Keefe, Bruyette & Woods cut CI Financial from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from C$28.00 to C$31.50 in a research note on Tuesday, November 26th. Jefferies Financial Group raised their price objective on CI Financial from C$20.00 to C$27.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Raymond James boosted their target price on CI Financial from C$27.00 to C$32.00 in a research report on Tuesday, November 26th. Finally, Scotiabank raised their price target on CI Financial from C$25.00 to C$26.00 in a research report on Friday, November 15th.

CI Financial Stock Up 0.1 %

TSE CIX opened at C$30.95 on Tuesday. The stock has a 50 day moving average price of C$26.87 and a 200-day moving average price of C$20.14. CI Financial has a one year low of C$13.87 and a one year high of C$31.41. The company has a market capitalization of C$4.37 billion, a P/E ratio of -114.63, a P/E/G ratio of 0.04 and a beta of 1.67. 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 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.