CI Financial (TSE:CIX) Price Target Raised to C$27.00

CI Financial (TSE:CIX) had its target price lifted by Jefferies Financial Group from C$20.00 to C$27.00 in a research report report published on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, TD Securities reduced their price objective on CI Financial from C$21.00 to C$20.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$20.25.

CI Financial Stock Up 0.3 %

Shares of TSE CIX opened at C$22.96 on Friday. The stock has a market cap of C$3.24 billion, a PE ratio of -85.04, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47. CI Financial has a 52-week low of C$13.08 and a 52-week high of C$23.33. The business has a 50-day moving average price of C$19.07 and a 200 day moving average price of C$16.75.

CI Financial (TSE:CIX) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.90 EPS for the quarter. The firm had revenue of C$985.96 million during the quarter. CI Financial had a negative return on equity of 4.48% and a negative net margin of 1.54%. Equities research analysts forecast that CI Financial will post 4.010142 earnings per share for the current year.

About CI Financial

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.