CI Financial Corp. (TSE:CIX) Given Consensus Rating of “Hold” by Analysts

CI Financial Corp. (TSE:CIX) has been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$27.94.

Several equities research analysts have issued reports on CIX shares. Jefferies Financial Group lifted their target price on shares of 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. Scotiabank upped their target price on shares of CI Financial from C$25.00 to C$26.00 in a research report on Friday, November 15th. BMO Capital Markets lifted 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 lowered CI Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the company from C$28.00 to C$31.50 in a research report on Tuesday, November 26th. Finally, Raymond James boosted their target price on CI Financial from C$27.00 to C$32.00 in a research report on Tuesday, November 26th.

CI Financial Stock Performance

Shares of CIX opened at C$30.91 on Tuesday. CI Financial has a 12-month low of C$13.87 and a 12-month high of C$31.41. The company has a current ratio of 0.34, a quick ratio of 0.17 and a debt-to-equity ratio of 577.47. The company has a market cap of C$4.37 billion, a PE ratio of -114.48, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The stock has a 50-day moving average price of C$26.87 and a 200-day moving average price of C$20.06.

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.