CI Financial Corp. (TSE:CIX) Receives Consensus Rating of “Hold” from Brokerages

CI Financial Corp. (TSE:CIX) has been assigned an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$27.94.

CIX has been the topic of several recent research reports. Scotiabank increased their price objective on CI Financial from C$25.00 to C$26.00 in a research report on Friday, November 15th. TD Securities downgraded shares of CI Financial from a “buy” rating to a “sell” rating and lifted their price target for the stock from C$28.00 to C$32.00 in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods cut shares of CI Financial from an “outperform” rating to a “market perform” rating and upped their price objective for the company from C$28.00 to C$31.50 in a research note on Tuesday, November 26th. BMO Capital Markets lifted their target price on shares of CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. Finally, Jefferies Financial Group upped their price target 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.

CI Financial Price Performance

Shares of TSE CIX opened at C$31.25 on Wednesday. The stock’s 50-day simple moving average is C$31.05 and its two-hundred day simple moving average is C$23.68. CI Financial has a twelve month low of C$13.87 and a twelve month high of C$31.41. The firm has a market capitalization of C$4.41 billion, a P/E ratio of -115.74, a P/E/G ratio of 0.04 and a beta of 1.67. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47.

CI Financial Company Profile

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.