Raymond James Increases CI Financial (TSE:CIX) Price Target to C$32.00

CI Financial (TSE:CIX) had its price target upped by stock analysts at Raymond James from C$27.00 to C$32.00 in a report issued on Tuesday,BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 2.60% from the stock’s current price.

Other equities analysts have also issued reports about the company. TD Securities lowered CI Financial from a “buy” rating to a “sell” rating and lifted their price objective for the company from C$28.00 to C$32.00 in a research note on Tuesday. Scotiabank lifted their price objective on CI Financial from C$25.00 to C$26.00 in a research note on Friday, November 15th. Keefe, Bruyette & Woods upped their price target on CI Financial from C$21.00 to C$28.00 in a report on Monday, November 18th. BMO Capital Markets lifted their price objective on shares of CI Financial from C$22.00 to C$25.00 in a research note on Friday, November 15th. Finally, Jefferies Financial Group boosted their price target on CI Financial from C$20.00 to C$27.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, CI Financial presently has an average rating of “Hold” and a consensus target price of C$27.94.

CI Financial Trading Down 0.1 %

Shares of TSE CIX traded down C$0.03 during midday trading on Tuesday, hitting C$31.19. The stock had a trading volume of 2,177,678 shares, compared to its average volume of 448,694. The company has a market capitalization of C$4.41 billion, a price-to-earnings ratio of -115.44, 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$31.41. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47. The company has a fifty day moving average price of C$21.36 and a 200 day moving average price of C$17.60.

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.