Keefe, Bruyette & Woods Increases CI Financial (TSE:CIX) Price Target to C$28.00

CI Financial (TSE:CIX) had its target price raised by equities researchers at Keefe, Bruyette & Woods from C$21.00 to C$28.00 in a report issued on Monday,BayStreet.CA reports. Keefe, Bruyette & Woods’ price objective points to a potential upside of 16.67% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Scotiabank increased their price target on CI Financial from C$25.00 to C$26.00 in a research note on Friday, November 15th. Jefferies Financial Group increased their price target on 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. BMO Capital Markets upped their price objective on CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. TD Securities boosted their target price on shares of CI Financial from C$26.00 to C$28.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Raymond James upped their target price on CI Financial from C$22.00 to C$27.00 in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$24.50.

CI Financial Stock Performance

Shares of CIX stock opened at C$24.00 on Monday. The company has a market cap of C$3.39 billion, a P/E ratio of -88.89, a PEG 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 has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47. The business has a 50 day moving average of C$20.68 and a two-hundred day moving average of C$17.35.

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.