CI Financial (TSE:CIX) Stock Rating Lowered by TD Securities

CI Financial (TSE:CIX) was downgraded by equities researchers at TD Securities from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. They presently have a C$32.00 price target on the stock, up from their prior price target of C$28.00. TD Securities’ price objective suggests a potential upside of 2.60% from the company’s current price.

Several other equities analysts also recently commented on CIX. Jefferies Financial Group upped 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 research note on Friday, November 1st. BMO Capital Markets increased their price objective on shares of CI Financial from C$22.00 to C$25.00 in a research note on Friday, November 15th. Keefe, Bruyette & Woods increased their price objective on shares of CI Financial from C$21.00 to C$28.00 in a research note on Monday, November 18th. Raymond James increased their price objective on shares of CI Financial from C$22.00 to C$27.00 in a research note on Friday, November 15th. Finally, Scotiabank increased their price objective on shares of CI Financial from C$25.00 to C$26.00 in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$27.94.

CI Financial Stock Performance

Shares of CIX stock traded down C$0.03 on Tuesday, hitting C$31.19. The company’s stock had a trading volume of 2,177,678 shares, compared to its average volume of 448,694. The company has a debt-to-equity ratio of 577.47, a quick ratio of 0.17 and a current ratio of 0.34. The stock’s 50 day moving average is C$21.36 and its 200-day moving average is C$17.60. CI Financial has a fifty-two week low of C$13.59 and a fifty-two week high of C$31.41. The company has a market capitalization of C$4.41 billion, a PE ratio of -115.44, a PEG ratio of 0.04 and a beta of 1.67.

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.