CI Financial (TSE:CIX) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

CI Financial (TSE:CIX) had its price target raised by BMO Capital Markets from C$22.00 to C$25.00 in a research note released on Friday morning,BayStreet.CA reports.

Several other equities research analysts have also recently commented on CIX. Raymond James boosted their price target on shares of CI Financial from C$22.00 to C$27.00 in a research report on Friday. TD Securities raised their target price on shares of CI Financial from C$26.00 to C$28.00 and gave the company a “buy” rating in a research note on Friday. Scotiabank upped their price target on shares of CI Financial from C$25.00 to C$26.00 in a research report on Friday. Finally, Jefferies Financial Group lifted their price objective 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, CI Financial has an average rating of “Moderate Buy” and a consensus target price of C$24.50.

CI Financial Stock Down 0.7 %

Shares of CI Financial stock opened at C$23.92 on Friday. The firm has a market cap of C$3.38 billion, a PE ratio of -88.59, a P/E/G ratio of 0.04 and a beta of 1.67. The business’s 50 day simple moving average is C$20.55 and its 200 day simple moving average is C$17.29. 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 has a 52-week low of C$13.59 and a 52-week high of C$24.95.

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.