CI Financial (TSE:CIX) Sets New 52-Week High - Should You Buy?

CI Financial Corp. (TSE:CIX - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$31.41 and last traded at C$31.22, with a volume of 5734430 shares. The stock had previously closed at C$24.01.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CIX shares. Raymond James raised their price objective on shares of CI Financial from C$27.00 to C$32.00 in a research note on Tuesday. CIBC raised their price target on CI Financial from C$23.00 to C$32.00 in a research report on Tuesday. Scotiabank upped their price objective on CI Financial from C$25.00 to C$26.00 in a report on Friday, November 15th. Jefferies Financial Group raised their target price on CI Financial from C$20.00 to C$27.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, BMO Capital Markets upped their price target on CI Financial from C$22.00 to C$25.00 in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, CI Financial currently has an average rating of "Hold" and a consensus target price of C$27.94.

CI Financial Stock Performance

The company has a debt-to-equity ratio of 577.47, a current ratio of 0.34 and a quick ratio of 0.17. The company has a market cap of C$4.38 billion, a price-to-earnings ratio of -115.52, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The stock has a 50-day moving average price of C$21.36 and a 200 day moving average price of C$17.60.

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.