CI Financial (TSE:CIX - Free Report) had its target price increased by Raymond James from C$22.00 to C$27.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.
Several other analysts have also issued reports on the stock. TD Securities boosted their price target on shares of CI Financial from C$26.00 to C$28.00 and gave the company a "buy" rating in a research report on Friday. Jefferies Financial Group increased 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. Finally, Scotiabank lifted their price target on CI Financial from C$25.00 to C$26.00 in a research report on Friday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, CI Financial currently has a consensus rating of "Moderate Buy" and an average target price of C$23.63.
Get Our Latest Analysis on CI Financial
CI Financial Stock Performance
CIX traded down C$0.44 during trading hours on Friday, hitting C$24.08. The stock had a trading volume of 422,000 shares, compared to its average volume of 422,825. The stock has a market cap of C$3.40 billion, a PE ratio of -89.19, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. CI Financial has a 1 year low of C$13.59 and a 1 year high of C$24.95. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47. The company's fifty day simple moving average is C$20.41 and its 200 day simple moving average is C$17.25.
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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