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

CI Financial (TSE:CIX) had its price target increased by Raymond James from C$27.00 to C$32.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

Several other research analysts have also issued reports on CIX. Scotiabank upped their target price on CI Financial from C$25.00 to C$26.00 in a research report on Friday, November 15th. Jefferies Financial Group upped 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 report on Friday, November 1st. TD Securities lowered shares of CI Financial from a “buy” rating to a “sell” rating and increased their price objective for the company from C$28.00 to C$32.00 in a research report on Tuesday. Keefe, Bruyette & Woods boosted their target price on shares of CI Financial from C$21.00 to C$28.00 in a research report on Monday, November 18th. Finally, BMO Capital Markets upped their price target on shares of CI Financial from C$22.00 to C$25.00 in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$27.94.

CI Financial Stock Performance

Shares of CIX stock opened at C$30.98 on Tuesday. CI Financial has a 12-month low of C$13.59 and a 12-month high of C$31.41. The business’s fifty day simple moving average is C$21.36 and its 200-day simple moving average is C$17.60. The company has a current ratio of 0.34, a quick ratio of 0.17 and a debt-to-equity ratio of 577.47. The company has a market cap of C$4.38 billion, a PE ratio of -115.52, a PEG 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.