CI Financial Corp. (TSE:CIX - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$23.68 and traded as high as C$31.30. CI Financial shares last traded at C$31.25, with a volume of 717,346 shares trading hands.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Raymond James lowered shares of CI Financial from a "moderate buy" rating to a "strong sell" rating in a research note on Thursday, January 23rd. Scotiabank boosted their target price on shares of CI Financial from C$25.00 to C$26.00 in a research note on Friday, November 15th. BMO Capital Markets boosted their target price on shares of CI Financial from C$22.00 to C$25.00 in a research note on Friday, November 15th. Keefe, Bruyette & Woods lowered shares of CI Financial from an "outperform" rating to a "market perform" rating and boosted their target price for the company from C$28.00 to C$31.50 in a research note on Tuesday, November 26th. Finally, CIBC upped their price objective on shares of CI Financial from C$23.00 to C$32.00 in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of C$27.94.
Check Out Our Latest Analysis on CI Financial
CI Financial Price Performance
The firm has a market capitalization of C$4.52 billion, a P/E ratio of -65.42, a P/E/G ratio of 0.04 and a beta of 1.67. The company has a debt-to-equity ratio of 506.88, a current ratio of 0.32 and a quick ratio of 0.17. The stock's fifty day simple moving average is C$31.07 and its 200 day simple moving average is C$24.05.
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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