CI Financial (TSE:CIX) PT Lowered to C$28.00 at CIBC

CI Financial (TSE:CIXGet Rating) had its price target dropped by equities researchers at CIBC from C$31.00 to C$28.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 60.09% from the stock’s previous close.

Several other research firms also recently commented on CIX. TD Securities lowered their target price on shares of CI Financial from C$28.00 to C$24.00 and set a “hold” rating on the stock in a research report on Wednesday, February 23rd. Royal Bank of Canada lowered their target price on shares of CI Financial from C$34.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 23rd. Scotiabank lowered their target price on shares of CI Financial from C$29.00 to C$27.00 in a research report on Wednesday, February 23rd. Barclays decreased their price target on shares of CI Financial from C$34.00 to C$29.00 and set an “overweight” rating for the company in a report on Wednesday, January 26th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of CI Financial from C$36.00 to C$29.00 and set a “market perform” rating for the company in a report on Wednesday, February 23rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$29.50.

Shares of TSE CIX traded down C$0.58 during mid-day trading on Tuesday, reaching C$17.49. The company had a trading volume of 300,646 shares, compared to its average volume of 799,417. The company has a debt-to-equity ratio of 245.52, a quick ratio of 0.23 and a current ratio of 0.68. The stock has a market capitalization of C$3.43 billion and a PE ratio of 8.66. CI Financial has a twelve month low of C$17.38 and a twelve month high of C$30.88. The stock’s 50 day moving average is C$19.95 and its 200-day moving average is C$24.32.

CI Financial (TSE:CIXGet Rating) last posted its earnings results on Tuesday, February 22nd. The company reported C$0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.86 by C$0.01. The business had revenue of C$762.90 million for the quarter. On average, sell-side analysts anticipate that CI Financial will post 3.8700001 EPS for the current year.

CI Financial Company Profile (Get Rating)

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.

Further Reading

Analyst Recommendations for CI Financial (TSE:CIX)

Receive News & Ratings for CI Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CI Financial and related companies with MarketBeat.com's FREE daily email newsletter.