CI Financial (TSE:CIX) Given New C$26.00 Price Target at Scotiabank

CI Financial (TSE:CIX - Get Free Report) had its target price hoisted by stock analysts at Scotiabank from C$25.00 to C$26.00 in a research note issued to investors on Friday,BayStreet.CA reports. Scotiabank's price target would indicate a potential upside of 7.97% from the stock's current price.

Other research analysts have also recently issued research reports about the company. TD Securities lifted their target price on CI Financial from C$26.00 to C$28.00 and gave the company a "buy" rating in a research report on Friday. Jefferies Financial Group lifted their price objective on shares of CI Financial from C$20.00 to C$27.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, CI Financial currently has a consensus rating of "Moderate Buy" and an average price target of C$23.63.

CI Financial Stock Down 1.8 %

CIX stock traded down C$0.44 during mid-day trading on Friday, reaching C$24.08. 422,000 shares of the company traded hands, compared to its average volume of 422,825. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47. The firm's 50 day moving average price is C$20.41 and its 200 day moving average price is C$17.25. The stock has a market cap of C$3.40 billion, a price-to-earnings ratio of -89.19, a P/E/G ratio of 0.04 and a beta of 1.67. CI Financial has a fifty-two week low of C$13.59 and a fifty-two week high of C$24.95.

CI Financial Company Profile

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.