CI Financial (TSE:CIX) Price Target Raised to C$27.00

CI Financial (TSE:CIX) had its price objective lifted by Raymond James from C$22.00 to C$27.00 in a research report report published on Friday morning,BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on CIX. TD Securities increased their price target on CI Financial from C$26.00 to C$28.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group raised their target price on CI Financial from C$20.00 to C$27.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Scotiabank lifted their price objective on shares of CI Financial from C$25.00 to C$26.00 in a report on Friday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$23.63.

CI Financial Stock Down 1.8 %

Shares of TSE:CIX opened at C$24.08 on Friday. 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 business has a fifty day moving average of C$20.41 and a two-hundred day moving average of C$17.25. CI Financial has a 52-week low of C$13.59 and a 52-week high of C$24.95. The stock has a market cap of C$3.40 billion, a P/E ratio of -89.19, a PEG 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.