CI Financial (TSE:CIX) Price Target Raised to C$26.00

CI Financial (TSE:CIX) had its price objective raised by Scotiabank from C$25.00 to C$26.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on CIX. TD Securities upped their price target on shares of CI Financial from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group upped 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 note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$23.63.

CI Financial Stock Down 1.8 %

CIX stock opened at C$24.08 on Friday. CI Financial has a twelve month low of C$13.59 and a twelve month high of C$24.95. The firm has a market cap of C$3.40 billion, a PE ratio of -89.19, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. 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.

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.