CI Financial Corp. (TSE:CIX - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$31.43 and last traded at C$31.33, with a volume of 497902 shares traded. The stock had previously closed at C$31.36.
Wall Street Analyst Weigh In
CIX has been the subject of several analyst reports. Raymond James lowered CI Financial from a "moderate buy" rating to a "strong sell" rating in a research report on Thursday, January 23rd. CIBC boosted their target price on CI Financial from C$23.00 to C$32.00 in a research report on Tuesday, November 26th. Jefferies Financial Group boosted 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. TD Securities cut CI Financial from a "buy" rating to a "sell" rating and lifted their price objective for the company from C$28.00 to C$32.00 in a report on Tuesday, November 26th. Finally, BMO Capital Markets lifted their price objective on CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$27.94.
View Our Latest Stock Report on CI Financial
CI Financial Price Performance
The stock has a market cap of C$4.52 billion, a P/E ratio of -65.37, a PEG ratio of 0.04 and a beta of 1.67. The company has a 50 day simple moving average of C$31.10 and a 200 day simple moving average of C$24.52. The company has a current ratio of 0.32, a quick ratio of 0.17 and a debt-to-equity ratio of 506.88.
About CI Financial
(
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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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