CI Financial Corp. (TSE:CIX) Receives C$27.94 Average Price Target from Analysts

CI Financial Corp. (TSE:CIX - Get Free Report) has received an average rating of "Hold" from the eight ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$27.94.

A number of equities research analysts have recently commented on CIX shares. BMO Capital Markets raised their target price on CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. CIBC raised their price objective on CI Financial from C$23.00 to C$32.00 in a report on Tuesday, November 26th. Raymond James lowered CI Financial from a "moderate buy" rating to a "strong sell" rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lowered shares of CI Financial from an "outperform" rating to a "market perform" rating and boosted their price target for the stock from C$28.00 to C$31.50 in a report on Tuesday, November 26th. Finally, TD Securities cut shares of CI Financial from a "buy" rating to a "sell" rating and upped their price objective for the stock from C$28.00 to C$32.00 in a research report on Tuesday, November 26th.

CI Financial Stock Performance

TSE CIX traded up C$0.15 during mid-day trading on Friday, reaching C$31.27. 490,904 shares of the stock were exchanged, compared to its average volume of 730,170. The company has a market capitalization of C$4.51 billion, a P/E ratio of -65.19, a P/E/G ratio of 0.04 and a beta of 1.67. The company has a debt-to-equity ratio of 506.88, a quick ratio of 0.17 and a current ratio of 0.32. The business's 50 day moving average is C$31.19 and its 200-day moving average is C$25.75. CI Financial has a 1 year low of C$13.87 and a 1 year high of C$31.48.

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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.