CI Financial (TSE:CIX) Given New C$32.00 Price Target at Raymond James

CI Financial (TSE:CIX) had its price objective upped by Raymond James from C$27.00 to C$32.00 in a report released on Tuesday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 2.99% from the stock’s current price.

CIX has been the subject of several other research reports. Scotiabank boosted their target price on shares of CI Financial from C$25.00 to C$26.00 in a research note on Friday, November 15th. BMO Capital Markets boosted their price objective on shares of CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. TD Securities downgraded CI Financial from a “buy” rating to a “sell” rating and lifted their target price for the company from C$28.00 to C$32.00 in a research note on Tuesday. Keefe, Bruyette & Woods increased their price target on CI Financial from C$21.00 to C$28.00 in a research report on Monday, November 18th. Finally, Jefferies Financial Group boosted their price objective on 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$27.94.

CI Financial Price Performance

Shares of TSE CIX opened at C$31.07 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.17 and a debt-to-equity ratio of 577.47. The company has a market capitalization of C$4.39 billion, a price-to-earnings ratio of -115.19, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. CI Financial has a twelve month low of C$13.59 and a twelve month high of C$31.41. The business has a 50 day simple moving average of C$21.63 and a 200-day simple moving average of C$17.70.

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.