CI Financial Corp. (TSE:CIX) Receives C$27.94 Consensus Target Price from Brokerages

Shares of CI Financial Corp. (TSE:CIX) have received a consensus rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$27.94.

A number of analysts have issued reports on CIX shares. TD Securities downgraded shares of CI Financial from a “buy” rating to a “sell” rating and lifted their price target for the company from C$28.00 to C$32.00 in a report on Tuesday, November 26th. Raymond James cut CI Financial from a “moderate buy” rating to a “strong sell” rating in a report on Thursday, January 23rd. BMO Capital Markets increased their price target on CI Financial from C$22.00 to C$25.00 in a research note on Friday, November 15th. Keefe, Bruyette & Woods downgraded CI Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from C$28.00 to C$31.50 in a research note on Tuesday, November 26th. Finally, Jefferies Financial Group increased their target price 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.

CI Financial Trading Down 0.1 %

Shares of CIX opened at C$31.36 on Wednesday. CI Financial has a 1 year low of C$13.87 and a 1 year high of C$31.43. The company has a 50 day simple moving average of C$31.08 and a two-hundred day simple moving average of C$24.21. The company has a debt-to-equity ratio of 506.88, a current ratio of 0.32 and a quick ratio of 0.17. The firm has a market cap of C$4.52 billion, a P/E ratio of -65.37, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67.

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.