CI Financial (TSE:CIX) Price Target Raised to C$32.00 at CIBC

CI Financial (TSE:CIX) had its price objective increased by CIBC from C$23.00 to C$32.00 in a research note published on Tuesday,BayStreet.CA reports.

A number of other research analysts also recently commented on the stock. Jefferies Financial Group lifted their price objective on shares of CI Financial from C$20.00 to C$27.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Raymond James increased their price objective on CI Financial from C$27.00 to C$32.00 in a research report on Tuesday. Scotiabank boosted their price target on CI Financial from C$25.00 to C$26.00 in a research note on Friday, November 15th. TD Securities cut shares of CI Financial from a “buy” rating to a “sell” rating and boosted their target price for the company from C$28.00 to C$32.00 in a research report on Tuesday. Finally, BMO Capital Markets boosted their price target on CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, CI Financial currently has an average rating of “Hold” and a consensus price target of C$27.94.

CI Financial Stock Performance

CIX opened at C$30.98 on Tuesday. The company has a market capitalization of C$4.38 billion, a price-to-earnings ratio of -115.52, a P/E/G ratio of 0.04 and a beta of 1.67. The business’s 50-day moving average price is C$21.36 and its two-hundred day moving average price is C$17.60. The company has a debt-to-equity ratio of 577.47, a current ratio of 0.34 and a quick ratio of 0.17. CI Financial has a 1 year low of C$13.59 and a 1 year high of C$31.41.

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.