Shares of CI Financial Corp. (TSE:CIX - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.22 and traded as high as C$31.00. CI Financial shares last traded at C$30.94, with a volume of 1,028,144 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Raymond James raised their price target on CI Financial from C$27.00 to C$32.00 in a report on Tuesday, November 26th. CIBC lifted their target price on CI Financial from C$23.00 to C$32.00 in a report on Tuesday, November 26th. TD Securities downgraded shares of CI Financial from a "buy" rating to a "sell" rating and increased their price target for the stock from C$28.00 to C$32.00 in a report on Tuesday, November 26th. Jefferies Financial Group raised their price objective on shares of CI Financial from C$20.00 to C$27.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, BMO Capital Markets upped their target price on shares of CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$27.94.
View Our Latest Report on CI Financial
CI Financial Price Performance
The company has a debt-to-equity ratio of 577.47, a current ratio of 0.34 and a quick ratio of 0.17. The firm has a market capitalization of C$4.37 billion, a PE ratio of -114.59, a P/E/G ratio of 0.04 and a beta of 1.67. The business's 50 day moving average is C$27.44 and its two-hundred day moving average is C$20.40.
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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