CI Financial (TSE:CIX) Shares Cross Above 200-Day Moving Average – Time to Sell?

CI Financial Corp. (TSE:CIX)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$20.96 and traded as high as C$31.10. CI Financial shares last traded at C$31.03, with a volume of 446,919 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on CIX shares. Raymond James raised their price objective on shares of CI Financial from C$27.00 to C$32.00 in a research report on Tuesday, November 26th. BMO Capital Markets increased their target price on CI Financial from C$22.00 to C$25.00 in a research note on Friday, November 15th. TD Securities downgraded CI Financial from a “buy” rating to a “sell” rating and lifted their price target for the company from C$28.00 to C$32.00 in a research note on Tuesday, November 26th. Jefferies Financial Group increased their price objective on CI Financial from C$20.00 to C$27.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods lowered shares of CI Financial from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from C$28.00 to C$31.50 in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$27.94.

CI Financial Stock Up 0.0 %

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 firm has a 50 day moving average price of C$28.35 and a 200-day moving average price of C$20.96. The firm has a market cap of C$4.38 billion, a price-to-earnings ratio of -114.93, 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.