CI Financial (TSE:CIX) Price Target Raised to C$28.00 at Keefe, Bruyette & Woods

CI Financial (TSE:CIX) had its target price hoisted by Keefe, Bruyette & Woods from C$21.00 to C$28.00 in a research report released on Monday morning,BayStreet.CA reports.

A number of other research firms have also weighed in on CIX. Scotiabank increased their target price on shares of CI Financial from C$25.00 to C$26.00 in a report on Friday, November 15th. TD Securities increased their price objective on CI Financial from C$26.00 to C$28.00 and gave the stock a “buy” rating in a report on Friday, November 15th. BMO Capital Markets lifted their price objective on CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. Raymond James upped their target price on CI Financial from C$22.00 to C$27.00 in a report on Friday, November 15th. Finally, Jefferies Financial Group lifted their price target on shares of CI Financial from C$20.00 to C$27.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$24.50.

CI Financial Price Performance

CIX opened at C$23.95 on Monday. The company has a debt-to-equity ratio of 577.47, a current ratio of 0.34 and a quick ratio of 0.17. The stock’s 50 day simple moving average is C$20.95 and its 200 day simple moving average is C$17.45. The firm has a market cap of C$3.38 billion, a price-to-earnings ratio of -88.70, a PEG ratio of 0.04 and a beta of 1.67. CI Financial has a 1 year low of C$13.59 and a 1 year high of C$24.95.

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.