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

CI Financial Corp. (TSE:CIX) has received an average recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$27.94.

A number of research firms have recently commented on CIX. Raymond James lifted their target price on CI Financial from C$27.00 to C$32.00 in a research note on Tuesday, November 26th. BMO Capital Markets boosted their target price on shares of CI Financial from C$22.00 to C$25.00 in a research note on Friday, November 15th. TD Securities lowered 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 note on Tuesday, November 26th. CIBC upped their price objective on CI Financial from C$23.00 to C$32.00 in a research note on Tuesday, November 26th. Finally, Scotiabank raised their target price on CI Financial from C$25.00 to C$26.00 in a research report on Friday, November 15th.

CI Financial Stock Performance

CIX stock opened at C$30.91 on Tuesday. The business has a 50 day moving average of C$26.87 and a 200-day moving average of C$20.06. The firm has a market cap of C$4.37 billion, a PE ratio of -114.48, a P/E/G ratio of 0.04 and a beta of 1.67. CI Financial has a 12-month low of C$13.87 and a 12-month 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.

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.