CI Financial Corp. (TSE:CIX) Receives C$27.94 Consensus PT from Analysts

CI Financial Corp. (TSE:CIX - Get Free Report) has been assigned an average rating of "Hold" from the eight ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$27.94.

Several equities research analysts recently issued reports on CIX shares. Jefferies Financial Group lifted their price target on shares of CI Financial from C$20.00 to C$27.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Scotiabank lifted their price objective on CI Financial from C$25.00 to C$26.00 in a report on Friday, November 15th. CIBC increased their target price on CI Financial from C$23.00 to C$32.00 in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods lowered shares of CI Financial from an "outperform" rating to a "market perform" rating and lifted their price target for the stock from C$28.00 to C$31.50 in a research note on Tuesday, November 26th. Finally, BMO Capital Markets upped their price target on shares of CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th.

CI Financial Stock Down 0.2 %

CI Financial stock traded down C$0.07 during trading on Friday, reaching C$30.95. 1,706,566 shares of the company's stock were exchanged, compared to its average volume of 934,878. The company's 50-day moving average is C$29.44 and its two-hundred day moving average is C$21.82. 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 52-week low of C$13.87 and a 52-week high of C$31.41. The firm has a market cap of C$4.37 billion, a price-to-earnings ratio of -114.63, a PEG ratio of 0.04 and a beta of 1.67.

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.