CI Financial (TSE:CIX) Given New C$20.00 Price Target at Royal Bank of Canada

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 (TSE:CIX – Get Rating) last released its quarterly earnings data on Friday, February 24th. The company reported C$0.74 earnings per share (EPS) for the quarter. The company had revenue of C$620.30 million for the quarter. On average, equities research analysts anticipate that CI Financial will post 3.3578947 EPS for the current year.

CI Financial Company Profile

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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.