CI Financial (TSE:CIX) Cut to Market Perform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods lowered shares of CI Financial (TSE:CIX) from an outperform rating to a market perform rating in a research report released on Tuesday, Marketbeat reports. They currently have C$31.50 price objective on the stock, up from their prior price objective of C$28.00.

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

CI Financial Price Performance

Shares of TSE:CIX opened at C$31.05 on Tuesday. The company has a market cap of C$4.39 billion, a price-to-earnings ratio of -115.00, a PEG ratio of 0.04 and a beta of 1.67. The business has a 50 day moving average price of C$22.17 and a 200 day moving average price of C$17.90. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47. CI Financial has a twelve month low of C$13.87 and a twelve month high of C$31.41.

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.