CI Financial (TSE:CIX) Price Target Raised to C$25.00

CI Financial (TSE:CIX) had its price target increased by BMO Capital Markets from C$22.00 to C$25.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

CIX has been the subject of a number of other reports. TD Securities boosted their price target on shares of CI Financial from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research note on Friday. Scotiabank boosted their price target on shares of CI Financial from C$25.00 to C$26.00 in a research note on Friday. Raymond James boosted their price target on shares of CI Financial from C$22.00 to C$27.00 in a research note on Friday. Finally, Jefferies Financial Group boosted their price target on shares of CI Financial from C$20.00 to C$27.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$23.63.

CI Financial Price Performance

Shares of TSE CIX traded down C$0.44 during trading on Friday, reaching C$24.08. The company had a trading volume of 422,000 shares, compared to its average volume of 422,825. CI Financial has a 52 week low of C$13.59 and a 52 week high of C$24.95. The stock has a market cap of C$3.40 billion, a PE ratio of -89.19, a PEG ratio of 0.04 and a beta of 1.67. 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 business’s 50 day moving average price is C$20.41 and its 200-day moving average price is C$17.24.

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.