CI Financial Corp. (TSE:CIX) Given Average Rating of “Hold” by Analysts

CI Financial Corp. (TSE:CIX) has received an average rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. One equities research 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 twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$27.94.

A number of analysts have recently weighed in on CIX shares. Jefferies Financial Group upped their target price on shares of 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. Scotiabank upped their price objective on shares of CI Financial from C$25.00 to C$26.00 in a report on Friday, November 15th. BMO Capital Markets lifted their target price on shares of CI Financial from C$22.00 to C$25.00 in a report on Friday, November 15th. TD Securities cut CI Financial from a “buy” rating to a “sell” rating and boosted their price target for the stock from C$28.00 to C$32.00 in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods lowered CI Financial from an “outperform” rating to a “market perform” rating and raised their price objective for the company from C$28.00 to C$31.50 in a research report on Tuesday, November 26th.

CI Financial Stock Performance

CI Financial stock opened at C$30.95 on Friday. CI Financial has a fifty-two week low of C$13.87 and a fifty-two week high of C$31.41. The stock has a market cap of C$4.37 billion, a price-to-earnings ratio of -114.63, a PEG ratio of 0.04 and a beta of 1.67. The stock’s 50 day simple moving average is C$29.44 and its two-hundred day simple moving average is C$21.77. The company has a debt-to-equity ratio of 577.47, a quick ratio of 0.17 and a current ratio of 0.34.

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.