BMO Capital Markets Increases CI Financial (TSE:CIX) Price Target to C$25.00

CI Financial (TSE:CIX - Get Free Report) had its price target hoisted by equities researchers at BMO Capital Markets from C$22.00 to C$25.00 in a note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets' target price points to a potential upside of 3.82% from the company's previous close.

Several other equities analysts have also commented on the company. TD Securities increased their price objective on CI Financial from C$26.00 to C$28.00 and gave the company a "buy" rating in a research report on Friday. Scotiabank increased their price target on shares of CI Financial from C$25.00 to C$26.00 in a research report on Friday. Raymond James boosted their price objective on shares of CI Financial from C$22.00 to C$27.00 in a report on Friday. Finally, Jefferies Financial Group upped 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 research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$23.63.

CI Financial Price Performance

CIX traded down C$0.44 during trading on Friday, reaching C$24.08. The stock had a trading volume of 422,000 shares, compared to its average volume of 422,825. The business has a 50-day moving average of C$20.41 and a 200-day moving average of C$17.25. CI Financial has a one year low of C$13.59 and a one year high of C$24.95. The company has a debt-to-equity ratio of 577.47, a quick ratio of 0.17 and a current ratio of 0.34. The stock has a market cap of C$3.40 billion, a PE ratio of -89.19, a PEG ratio of 0.04 and a beta of 1.67.

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.