CI Financial Corp. (TSE:CIX) Given Consensus Rating of "Hold" by Brokerages

Shares of CI Financial Corp. (TSE:CIX - Get Free Report) have received a consensus rating of "Hold" from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year 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 weighed in on the stock. Scotiabank increased their target price on shares of CI Financial from C$25.00 to C$26.00 in a research note on Friday, November 15th. CIBC upped their price objective on shares of CI Financial from C$23.00 to C$32.00 in a research note on Tuesday, November 26th. 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. Jefferies Financial Group upped their target price on shares of 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. Finally, Raymond James cut CI Financial from a "moderate buy" rating to a "strong sell" rating in a research note on Thursday, January 23rd.

CI Financial Stock Performance

Shares of TSE CIX traded up C$0.07 during trading hours on Wednesday, hitting C$31.38. 148,079 shares of the company's stock were exchanged, compared to its average volume of 746,185. CI Financial has a 1-year low of C$13.87 and a 1-year high of C$31.43. The company has a debt-to-equity ratio of 506.88, a current ratio of 0.32 and a quick ratio of 0.17. The stock has a market capitalization of C$4.52 billion, a price-to-earnings ratio of -65.42, a PEG ratio of 0.04 and a beta of 1.67. The company's 50-day moving average price is C$31.07 and its 200-day moving average price is C$24.05.

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.