CI Financial (TSE:CIX - Free Report) had its price target lifted by Jefferies Financial Group from C$20.00 to C$27.00 in a research report released on Friday morning, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.
Separately, TD Securities cut their price objective on CI Financial from C$21.00 to C$20.00 and set a "buy" rating on the stock in a report on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, CI Financial currently has a consensus rating of "Moderate Buy" and an average target price of C$20.25.
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CI Financial Price Performance
Shares of CI Financial stock traded up C$0.06 during trading on Friday, hitting C$22.96. 307,611 shares of the company's stock traded hands, compared to its average volume of 431,098. 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's fifty day moving average price is C$19.07 and its 200 day moving average price is C$16.75. The company has a market cap of C$3.24 billion, a PE ratio of -85.04, a PEG ratio of 0.04 and a beta of 1.67. CI Financial has a twelve month low of C$13.08 and a twelve month high of C$23.33.
CI Financial (TSE:CIX - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported C$0.90 EPS for the quarter. CI Financial had a negative return on equity of 4.48% and a negative net margin of 1.54%. The business had revenue of C$985.96 million during the quarter. Analysts forecast that CI Financial will post 4.010142 earnings per share for the current year.
About CI Financial
(
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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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