CI Financial Corp. (TSE:CIX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$19.57 and traded as high as C$30.94. CI Financial shares last traded at C$30.89, with a volume of 831,316 shares traded.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised 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. Raymond James increased their target price on CI Financial from C$27.00 to C$32.00 in a report on Tuesday, November 26th. BMO Capital Markets boosted their price target on CI Financial from C$22.00 to C$25.00 in a research note on Friday, November 15th. TD Securities cut shares of CI Financial from a "buy" rating to a "sell" rating and increased their price objective for the stock from C$28.00 to C$32.00 in a research note on Tuesday, November 26th. Finally, Scotiabank boosted their target price on shares of CI Financial from C$25.00 to C$26.00 in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, CI Financial presently has a consensus rating of "Hold" and an average price target of C$27.94.
Get Our Latest Analysis on CIX
CI Financial Stock Performance
The company has a market cap of C$4.36 billion, a PE ratio of -114.44, a PEG ratio of 0.04 and a beta of 1.67. The company has a current ratio of 0.34, a quick ratio of 0.17 and a debt-to-equity ratio of 577.47. The business's 50 day moving average is C$26.30 and its two-hundred day moving average is C$19.72.
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.
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