CI Financial (TSE:CIX) Stock Price Expected to Rise, Scotiabank Analyst Says

CI Financial (TSE:CIX) had its price objective increased by Scotiabank from C$25.00 to C$26.00 in a report issued on Friday morning,BayStreet.CA reports.

CIX has been the topic of several other reports. Jefferies Financial Group upped their target price on shares of CI Financial from C$20.00 to C$27.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Securities upped their target price on shares of CI Financial from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$23.63.

CI Financial Stock Performance

Shares of CI Financial stock traded down C$0.44 on Friday, reaching C$24.08. 422,000 shares of the stock were exchanged, compared to its average volume of 422,825. 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 business has a fifty day moving average price of C$20.41 and a two-hundred day moving average price of C$17.24. CI Financial has a 1-year low of C$13.59 and a 1-year high of C$24.95. The firm has a market capitalization of C$3.40 billion, a PE ratio of -89.19, a PEG ratio of 0.04 and a beta of 1.67.

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.