Analysts Set CI Financial Corp. (TSE:CIX) Price Target at C$27.94

Shares of CI Financial Corp. (TSE:CIX) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$27.94.

CIX has been the subject of a number of recent analyst reports. TD Securities downgraded shares of CI Financial from a “buy” rating to a “sell” rating and increased their target price for the company from C$28.00 to C$32.00 in a research report on Tuesday, November 26th. Raymond James downgraded shares of CI Financial from a “moderate buy” rating to a “strong sell” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods downgraded shares of CI Financial from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from C$28.00 to C$31.50 in a research report on Tuesday, November 26th. BMO Capital Markets raised their price objective on shares of CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. Finally, CIBC raised their price objective on shares of CI Financial from C$23.00 to C$32.00 in a research report on Tuesday, November 26th.

CI Financial Stock Performance

TSE:CIX opened at C$31.38 on Wednesday. The company has a market capitalization of C$4.52 billion, a PE ratio of -65.42, a P/E/G ratio of 0.04 and a beta of 1.67. The company has a 50 day simple moving average of C$31.07 and a two-hundred day simple moving average of C$24.11. The company has a debt-to-equity ratio of 506.88, a quick ratio of 0.17 and a current ratio of 0.32. CI Financial has a fifty-two week low of C$13.87 and a fifty-two week high of C$31.43.

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.