Keefe, Bruyette & Woods Boosts CI Financial (TSE:CIX) Price Target to C$28.00

CI Financial (TSE:CIX) had its price target hoisted by Keefe, Bruyette & Woods from C$21.00 to C$28.00 in a research report released on Monday morning,BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group boosted 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 note on Friday, November 1st. BMO Capital Markets raised their price objective on shares of CI Financial from C$22.00 to C$25.00 in a report on Friday. Scotiabank boosted their target price on CI Financial from C$25.00 to C$26.00 in a report on Friday. Raymond James increased their price target on CI Financial from C$22.00 to C$27.00 in a research report on Friday. Finally, TD Securities lifted their price objective on CI Financial from C$26.00 to C$28.00 and gave the company a “buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, CI Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.50.

CI Financial Price Performance

CI Financial stock opened at C$23.92 on Monday. The business has a 50 day simple moving average of C$20.55 and a 200 day simple moving average of C$17.29. The company has a debt-to-equity ratio of 577.47, a current ratio of 0.34 and a quick ratio of 0.17. The company has a market capitalization of C$3.38 billion, a PE ratio of -88.59, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. CI Financial has a one year low of C$13.59 and a one year high of C$24.95.

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.