CI Financial (TSE:CIX) Price Target Raised to C$28.00 at TD Securities

CI Financial (TSE:CIX - Free Report) had its target price lifted by TD Securities from C$26.00 to C$28.00 in a research note released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Jefferies Financial Group boosted their price objective on CI Financial from C$20.00 to C$27.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$23.63.

CI Financial Trading Down 1.8 %

Shares of CIX traded down C$0.44 during trading hours on Friday, hitting C$24.08. 422,000 shares of the stock were exchanged, compared to its average volume of 422,825. The firm has a market capitalization of C$3.40 billion, a P/E ratio of -89.19, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The company has a debt-to-equity ratio of 577.47, a current ratio of 0.34 and a quick ratio of 0.17. CI Financial has a fifty-two week low of C$13.59 and a fifty-two week high of C$24.95. The business has a 50-day moving average of C$20.41 and a 200-day moving average of C$17.25.

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.