CI Financial Corp. (TSE:CIX) Receives C$27.94 Average Price Target from Analysts

CI Financial Corp. (TSE:CIX) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$27.94.

Several equities analysts have recently weighed in on CIX shares. Raymond James lifted their price objective on CI Financial from C$27.00 to C$32.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods cut CI Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from C$28.00 to C$31.50 in a report on Tuesday, November 26th. CIBC lifted their price objective on CI Financial from C$23.00 to C$32.00 in a report on Tuesday, November 26th. BMO Capital Markets lifted their price objective on CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. Finally, TD Securities cut CI Financial from a “buy” rating to a “sell” rating and lifted their price objective for the company from C$28.00 to C$32.00 in a report on Tuesday, November 26th.

CI Financial Price Performance

CI Financial stock opened at C$30.98 on Friday. The firm has a market capitalization of C$4.38 billion, a P/E ratio of -114.74, a PEG ratio of 0.04 and a beta of 1.67. CI Financial has a 1 year low of C$13.87 and a 1 year high of C$31.41. The business has a 50-day moving average of C$22.70 and a 200-day moving average of C$18.10. The company has a current ratio of 0.34, a quick ratio of 0.17 and a debt-to-equity ratio of 577.47.

About CI Financial

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.