CI Financial Corp. (TSE:CIX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of CI Financial Corp. (TSE:CIX) have earned an average rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$27.94.

Several brokerages recently commented on CIX. Raymond James upped their target price on CI Financial from C$27.00 to C$32.00 in a report on Tuesday. Keefe, Bruyette & Woods lowered 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. Scotiabank lifted their target price on shares of CI Financial from C$25.00 to C$26.00 in a research note on Friday, November 15th. CIBC upped their price target on shares of CI Financial from C$23.00 to C$32.00 in a research report on Tuesday. Finally, Jefferies Financial Group lifted 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.

CI Financial Trading Down 0.2 %

CIX opened at C$31.01 on Friday. The company’s 50 day moving average price is C$21.90 and its two-hundred day moving average price is C$17.80. The firm has a market capitalization of C$4.38 billion, a price-to-earnings ratio of -114.85, a PEG ratio of 0.04 and a beta of 1.67. CI Financial has a fifty-two week low of C$13.70 and a fifty-two week high of C$31.41. The company has a debt-to-equity ratio of 577.47, a current ratio of 0.34 and a quick ratio of 0.17.

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.