CI Financial Corp. (TSE:CIX - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$20.96 and traded as high as C$31.10. CI Financial shares last traded at C$31.03, with a volume of 446,919 shares.
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, November 26th. TD Securities lowered CI Financial from a "buy" rating to a "sell" rating and raised their price target for the stock from C$28.00 to C$32.00 in a research report on Tuesday, November 26th. Scotiabank lifted their price objective on CI Financial from C$25.00 to C$26.00 in a research note on Friday, November 15th. CIBC increased their target price on CI Financial from C$23.00 to C$32.00 in a research note on Tuesday, November 26th. Finally, 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. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of C$27.94.
View Our Latest Analysis on CIX
CI Financial Stock Down 0.0 %
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 has a market capitalization of C$4.38 billion, a P/E ratio of -114.89, a P/E/G ratio of 0.04 and a beta of 1.67. The firm has a fifty day simple moving average of C$28.51 and a 200-day simple moving average of C$21.08.
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.
Further Reading
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