CI Financial (TSE:CIX) Given New C$26.00 Price Target at Scotiabank

CI Financial (TSE:CIX) had its price objective raised by stock analysts at Scotiabank from C$25.00 to C$26.00 in a research report issued on Friday,BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 7.97% from the stock’s current price.

A number of other brokerages have also commented on CIX. TD Securities upped their price objective on CI Financial from C$26.00 to C$28.00 and gave the company a “buy” rating in a report on Friday. Jefferies Financial Group boosted their target price 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$23.63.

CI Financial Trading Down 1.8 %

Shares of TSE:CIX opened at C$24.08 on Friday. CI Financial has a 12-month low of C$13.59 and a 12-month high of C$24.95. The business has a 50 day moving average of C$20.41 and a 200-day moving average of C$17.25. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47. The stock has a market cap of C$3.40 billion, a PE ratio of -89.19, 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.