CI Financial Corp. (TSE:CIX) Given Consensus Recommendation of "Hold" by Analysts

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

CIX has been the topic of a number of recent research reports. TD Securities lowered CI Financial from a "buy" rating to a "sell" rating and upped their target price for the company from C$28.00 to C$32.00 in a research report on Tuesday, November 26th. Scotiabank raised their target price on shares of CI Financial from C$25.00 to C$26.00 in a report on Friday, November 15th. Jefferies Financial Group boosted their target price on shares of CI Financial from C$20.00 to C$27.00 and gave the company a "buy" rating in a research report on Friday, November 1st. BMO Capital Markets increased their price target on CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods cut CI Financial from an "outperform" rating to a "market perform" rating and boosted their price objective for the company from C$28.00 to C$31.50 in a report on Tuesday, November 26th.

CI Financial Stock Up 0.0 %

TSE:CIX traded up C$0.01 during mid-day trading on Tuesday, hitting C$30.90. 235,550 shares of the company's stock traded hands, compared to its average volume of 479,502. 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 company has a market capitalization of C$4.36 billion, a P/E ratio of -114.44, a P/E/G ratio of 0.04 and a beta of 1.67. The company has a fifty day moving average of C$26.10 and a 200 day moving average of C$19.65. CI Financial has a twelve month low of C$13.87 and a twelve month high of C$31.41.

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.