TD Securities Boosts CI Financial (TSE:CIX) Price Target to C$28.00

CI Financial (TSE:CIX) had its target price boosted by TD Securities from C$26.00 to C$28.00 in a research report sent to investors on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, Jefferies Financial Group upped 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$23.63.

CI Financial Stock Performance

Shares of TSE CIX traded down C$0.44 during mid-day trading on Friday, hitting C$24.08. The stock had a trading volume of 422,000 shares, compared to its average volume of 422,825. The company has a debt-to-equity ratio of 577.47, a quick ratio of 0.17 and a current ratio of 0.34. The company has a 50 day moving average of C$20.41 and a two-hundred day moving average of C$17.24. CI Financial has a twelve month low of C$13.59 and a twelve month high of C$24.95. The firm has a market cap of C$3.40 billion, a PE ratio of -89.19, a PEG 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.