CI Financial Corp. (TSE:CIX - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The company traded as high as C$31.43 and last traded at C$31.38, with a volume of 17533 shares changing hands. The stock had previously closed at C$31.31.
Analyst Ratings Changes
Several analysts have commented on CIX shares. Raymond James downgraded CI Financial from a "moderate buy" rating to a "strong sell" rating in a research note on Thursday, January 23rd. Scotiabank raised their price target on CI Financial from C$25.00 to C$26.00 in a research report on Friday, November 15th. BMO Capital Markets upped their price target on shares of CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. Jefferies Financial Group upped their target price 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. Finally, Keefe, Bruyette & Woods downgraded CI Financial from an "outperform" rating to a "market perform" rating and raised their price target for the stock from C$28.00 to C$31.50 in a research report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of C$27.94.
Read Our Latest Analysis on CI Financial
CI Financial Trading Down 0.1 %
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 stock has a market capitalization of C$4.52 billion, a price-to-earnings ratio of -65.37, a P/E/G ratio of 0.04 and a beta of 1.67. The firm has a fifty day moving average of C$31.08 and a 200-day moving average of C$24.21.
About CI Financial
(
Get Free Report)
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.
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