CI Financial (TSE:CIX – Get Rating) had its target price lifted by Royal Bank of Canada from C$18.00 to C$20.00 in a report issued on Tuesday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.
Other analysts have also issued reports about the company. BMO Capital Markets decreased their price objective on CI Financial from C$20.00 to C$19.00 in a research note on Monday, February 27th. Scotiabank decreased their price objective on CI Financial from C$20.50 to C$20.00 in a research note on Monday, February 27th. Finally, TD Securities upgraded CI Financial from a hold rating to a buy rating and set a C$17.00 price objective on the stock in a research note on Wednesday, April 19th.
CI Financial Stock Down 1.2 %
Shares of TSE CIX opened at C$12.44 on Tuesday. CI Financial has a one year low of C$11.85 and a one year high of C$18.69. The company has a debt-to-equity ratio of 270.41, a current ratio of 0.56 and a quick ratio of 0.17. The business’s fifty day moving average price is C$12.98 and its 200-day moving average price is C$14.10. The stock has a market capitalization of C$2.30 billion, a PE ratio of 6.69, a P/E/G ratio of 0.62 and a beta of 1.49.
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.
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