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

CI Financial Corp. (TSE:CIX) has been given an average rating of “Hold” by the eight research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$27.94.

Several equities analysts have recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. TD Securities downgraded shares of CI Financial from a “buy” rating to a “sell” rating and lifted their price objective for the stock from C$28.00 to C$32.00 in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods downgraded CI Financial from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$28.00 to C$31.50 in a research report on Tuesday, November 26th. Raymond James cut CI Financial from a “moderate buy” rating to a “strong sell” rating in a research report on Thursday, January 23rd. Finally, Scotiabank increased their price objective on CI Financial from C$25.00 to C$26.00 in a report on Friday, November 15th.

CI Financial Stock Up 0.0 %

TSE:CIX opened at C$31.21 on Friday. The company has a debt-to-equity ratio of 506.88, a quick ratio of 0.17 and a current ratio of 0.32. The stock has a market capitalization of C$4.50 billion, a P/E ratio of -65.06, a P/E/G ratio of 0.04 and a beta of 1.67. The company’s 50-day simple moving average is C$31.19 and its 200-day simple moving average is C$25.61. CI Financial has a fifty-two week low of C$13.87 and a fifty-two week high of C$31.48.

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.