CI Financial Corp. (TSE:CIX - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$25.23 and traded as high as C$31.36. CI Financial shares last traded at C$31.29, with a volume of 455,871 shares traded.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. 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. Raymond James lowered shares of CI Financial from a "moderate buy" rating to a "strong sell" rating in a research report on Thursday, January 23rd. CIBC boosted their target price on shares of CI Financial from C$23.00 to C$32.00 in a research report on Tuesday, November 26th. BMO Capital Markets boosted their target price on shares of CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods lowered shares of CI Financial from an "outperform" rating to a "market perform" rating and boosted their target price for the stock from C$28.00 to C$31.50 in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$27.94.
Get Our Latest Analysis on CIX
CI Financial Price Performance
The stock's 50-day moving average price is C$31.19 and its 200 day moving average price is C$25.61. The firm has a market cap of C$4.50 billion, a price-to-earnings ratio of -65.06, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The company has a quick ratio of 0.17, a current ratio of 0.32 and a debt-to-equity ratio of 506.88.
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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