CI Financial (TSE:CIX) Stock Rating Lowered by TD Securities

CI Financial (TSE:CIX) was downgraded by equities research analysts at TD Securities from a “buy” rating to a “sell” rating in a research note issued on Tuesday,BayStreet.CA reports. They currently have a C$32.00 target price on the stock, up from their prior target price of C$28.00. TD Securities’ price target indicates a potential upside of 2.60% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Scotiabank boosted their price objective 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 research report on Friday, November 1st. Raymond James boosted their price objective on shares of CI Financial from C$22.00 to C$27.00 in a research report on Friday, November 15th. BMO Capital Markets upped their price target on shares of CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods upped their price target on shares of CI Financial from C$21.00 to C$28.00 in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CI Financial has an average rating of “Hold” and an average target price of C$27.94.

CI Financial Stock Down 0.1 %

Shares of CI Financial stock traded down C$0.03 on Tuesday, hitting C$31.19. The company had a trading volume of 2,177,678 shares, compared to its average volume of 448,694. The firm has a market capitalization of C$4.41 billion, a P/E ratio of -115.44, a P/E/G ratio of 0.04 and a beta of 1.67. CI Financial has a twelve month low of C$13.59 and a twelve month high of C$31.41. 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 stock has a 50-day moving average of C$21.36 and a 200-day moving average of C$17.60.

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.