CI Financial Corp. (TSE:CIX) Given Consensus Recommendation of “Hold” by Analysts

CI Financial Corp. (TSE:CIX) has been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$27.94.

CIX has been the topic of several recent research reports. Keefe, Bruyette & Woods downgraded shares of CI Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from C$28.00 to C$31.50 in a research report on Tuesday, November 26th. TD Securities cut CI Financial from a “buy” rating to a “sell” rating and lifted their price target for the company from C$28.00 to C$32.00 in a report on Tuesday, November 26th. CIBC boosted their price objective on CI Financial from C$23.00 to C$32.00 in a research report on Tuesday, November 26th. BMO Capital Markets raised their target price on CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. Finally, Jefferies Financial Group lifted their target price on CI Financial from C$20.00 to C$27.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

CI Financial Stock Performance

Shares of CIX opened at C$30.89 on Tuesday. The stock has a market capitalization of C$4.36 billion, a PE ratio of -114.41, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. CI Financial has a 12-month low of C$13.87 and a 12-month high of C$31.41. The business’s fifty day moving average price is C$25.89 and its 200 day moving average price is C$19.57. The company has a debt-to-equity ratio of 577.47, a current ratio of 0.34 and a quick ratio of 0.17.

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.