Shares of CI Financial Corp. (TSE:CIX - Get Free Report) have been assigned an average recommendation of "Hold" from the eight brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$27.94.
A number of research firms recently commented on CIX. TD Securities lowered CI Financial from a "buy" rating to a "sell" rating and increased their price objective for the company from C$28.00 to C$32.00 in a research note on Tuesday. Jefferies Financial Group increased their target price on CI Financial from C$20.00 to C$27.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. BMO Capital Markets increased their target price on CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. Scotiabank increased their target price on CI Financial from C$25.00 to C$26.00 in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods downgraded CI Financial from an "outperform" rating to a "market perform" rating and increased their target price for the stock from C$28.00 to C$31.50 in a research report on Tuesday.
View Our Latest Analysis on CI Financial
CI Financial Price Performance
CI Financial stock traded up C$0.04 during trading hours on Friday, hitting C$31.05. The stock had a trading volume of 718,053 shares, compared to its average volume of 461,515. The company has a debt-to-equity ratio of 577.47, a current ratio of 0.34 and a quick ratio of 0.17. The stock has a market capitalization of C$4.39 billion, a price-to-earnings ratio of -115.00, a PEG ratio of 0.04 and a beta of 1.67. CI Financial has a 1-year low of C$13.87 and a 1-year high of C$31.41. The stock's fifty day moving average is C$22.17 and its two-hundred day moving average is C$17.90.
About CI Financial
(
Get Free ReportCI 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.
Featured Articles
Before you consider CI Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CI Financial wasn't on the list.
While CI Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
