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

CI Financial (TSE:CIX) had its price objective upped by equities research analysts at TD Securities from C$26.00 to C$28.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 16.28% from the company’s previous close.

Separately, Jefferies Financial Group boosted their target price on shares of CI Financial from C$20.00 to C$27.00 and gave the company 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.63.

CI Financial Stock Down 1.8 %

CIX stock opened at C$24.08 on Friday. 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 has a market capitalization of C$3.40 billion, a P/E ratio of -89.19, a P/E/G ratio of 0.04 and a beta of 1.67. CI Financial has a 52-week low of C$13.59 and a 52-week high of C$24.95. The company’s 50 day simple moving average is C$20.41 and its 200-day simple moving average is C$17.25.

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.