BMO Capital Markets Forecasts Strong Price Appreciation for CI Financial (TSE:CIX) Stock

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

Several other equities research analysts have also recently commented on CIX. Scotiabank boosted their price target on CI Financial from C$25.00 to C$26.00 in a research note on Friday. Raymond James boosted their target price on CI Financial from C$22.00 to C$27.00 in a report on Friday. TD Securities upped their price objective on shares of CI Financial from C$26.00 to C$28.00 and gave the stock a “buy” rating in a report on Friday. Finally, Jefferies Financial Group raised 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, CI Financial presently has a consensus rating of “Moderate Buy” and an average price target of C$23.63.

CI Financial Stock Down 1.8 %

CIX stock opened at C$24.08 on Friday. The company has a 50 day moving average of C$20.41 and a two-hundred day moving average of C$17.25. The company has a market cap of C$3.40 billion, a price-to-earnings ratio of -89.19, a PEG ratio of 0.04 and a beta of 1.67. CI Financial has a 12-month low of C$13.59 and a 12-month high of C$24.95. 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.