Shares of CI Financial Corp. (TSE:CIX - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.83 and traded as high as C$31.09. CI Financial shares last traded at C$31.02, with a volume of 294,749 shares traded.
Wall Street Analyst Weigh In
Several analysts recently commented 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 downgraded shares of CI Financial from a "buy" rating to a "sell" rating and lifted their price target for the stock from C$28.00 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 report on Friday, November 15th. Jefferies Financial Group lifted their price target on shares of CI Financial from C$20.00 to C$27.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Scotiabank increased 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 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$27.94.
Read Our Latest Analysis on CIX
CI Financial Stock Performance
The company has a debt-to-equity ratio of 577.47, a quick ratio of 0.17 and a current ratio of 0.34. The stock's fifty day moving average is C$24.49 and its two-hundred day moving average is C$18.83. The firm has a market cap of C$4.38 billion, a price-to-earnings ratio of -114.89, a PEG ratio of 0.04 and a beta of 1.67.
CI Financial Company Profile
(
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.
Read More
Before you consider CI Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CI Financial wasn't on the list.
While CI Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
