CI Financial Corp. (TSE:CIX - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.54 and traded as high as C$31.10. CI Financial shares last traded at C$31.02, with a volume of 991,531 shares trading hands.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Jefferies Financial Group upped their price target on CI Financial from C$20.00 to C$27.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. BMO Capital Markets upped their price target on shares of CI Financial from C$22.00 to C$25.00 in a research note on Friday, November 15th. Raymond James upped their price objective on CI Financial from C$27.00 to C$32.00 in a research report on Tuesday, November 26th. CIBC raised their price target on shares of CI Financial from C$23.00 to C$32.00 in a report on Tuesday, November 26th. Finally, TD Securities downgraded 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 note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, CI Financial has an average rating of "Hold" and a consensus target price of C$27.94.
Read Our Latest Research Report on CIX
CI Financial Trading Down 0.2 %
The stock has a market capitalization of C$4.37 billion, a PE ratio of -114.63, a PEG ratio of 0.04 and a beta of 1.67. The stock's 50 day moving average price is C$29.44 and its 200-day moving average price is C$21.77. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47.
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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