CI Financial (TSE:CIX) Sets New 52-Week High – What’s Next?

CI Financial Corp. (TSE:CIXGet Free Report) shares reached a new 52-week high on Friday . The stock traded as high as C$31.43 and last traded at C$31.38, with a volume of 17533 shares traded. The stock had previously closed at C$31.31.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CIX shares. Raymond James cut shares of CI Financial from a “moderate buy” rating to a “strong sell” rating in a research report on Thursday, January 23rd. CIBC raised their target price on CI Financial from C$23.00 to C$32.00 in a research note on Tuesday, November 26th. Jefferies Financial Group upped their price target on shares of CI Financial from C$20.00 to C$27.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods cut shares of CI Financial from an “outperform” rating to a “market perform” rating and raised their price objective for the company from C$28.00 to C$31.50 in a research report on Tuesday, November 26th. Finally, 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, CI Financial currently has a consensus rating of “Hold” and a consensus target price of C$27.94.

View Our Latest Report on CIX

CI Financial Stock Performance

The stock’s 50 day moving average is C$31.07 and its two-hundred day moving average is C$24.05. The firm has a market capitalization of C$4.52 billion, a P/E ratio of -65.42, a P/E/G ratio of 0.04 and a beta of 1.67. The company has a debt-to-equity ratio of 506.88, a current ratio of 0.32 and a quick ratio of 0.17.

About CI Financial

(Get Free Report)

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.

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