CI Financial (TSE:CIX) Downgraded by TD Securities to Sell

TD Securities cut shares of CI Financial (TSE:CIX) from a buy rating to a sell rating in a research report sent to investors on Tuesday morning,BayStreet.CA reports. They currently have C$32.00 price objective on the stock, up from their prior price objective of C$28.00.

A number of other brokerages have also recently commented on CIX. 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. Raymond James raised their price objective on shares of CI Financial from C$22.00 to C$27.00 in a research report on Friday, November 15th. Scotiabank upped their target price on shares of CI Financial from C$25.00 to C$26.00 in a report on Friday, November 15th. Keefe, Bruyette & Woods raised their price target on CI Financial from C$21.00 to C$28.00 in a report on Monday, November 18th. Finally, Jefferies Financial Group boosted their price target 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, CI Financial currently has an average rating of “Hold” and an average price target of C$27.94.

CI Financial Trading Down 0.8 %

TSE:CIX opened at C$30.98 on Tuesday. The company has a market capitalization of C$4.38 billion, a PE ratio of -115.52, a P/E/G ratio of 0.04 and a beta of 1.67. CI Financial has a 52-week low of C$13.59 and a 52-week high of C$31.41. The stock’s 50 day moving average price is C$21.36 and its 200 day moving average price is C$17.60. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47.

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.