CI Financial (TSE:CIX) Stock Price Expected to Rise, TD Securities Analyst Says

CI Financial (TSE:CIX) had its price objective raised by analysts at TD Securities from C$26.00 to C$28.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 16.42% from the stock’s previous close.

Separately, Jefferies Financial Group lifted 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, CI Financial currently has an average rating of “Moderate Buy” and an average price target of C$23.63.

CI Financial Price Performance

CIX stock traded down C$0.47 during trading on Friday, hitting C$24.05. 204,884 shares of the company’s stock traded hands, compared to its average volume of 421,847. CI Financial has a 52 week low of C$13.59 and a 52 week high of C$24.95. 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 has a fifty day simple moving average of C$20.28 and a 200 day simple moving average of C$17.19. The stock has a market capitalization of C$3.40 billion, a price-to-earnings ratio of -88.74, a P/E/G ratio of 0.04 and a beta of 1.67.

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.