CI Financial Corp. (TSE:CIX) Receives Consensus Rating of “Hold” from Brokerages

Shares of CI Financial Corp. (TSE:CIX) have received an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$27.94.

A number of research firms have commented on CIX. Scotiabank lifted their target price on shares of CI Financial from C$25.00 to C$26.00 in a research report on Friday, November 15th. CIBC lifted their price objective on CI Financial from C$23.00 to C$32.00 in a report on Tuesday, November 26th. TD Securities downgraded CI Financial from a “buy” rating to a “sell” rating and increased their target price for the company from C$28.00 to C$32.00 in a 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, Keefe, Bruyette & Woods lowered shares of CI Financial from an “outperform” rating to a “market perform” rating and upped their price target for the company from C$28.00 to C$31.50 in a research report on Tuesday, November 26th.

CI Financial Stock Performance

Shares of CIX stock opened at C$31.09 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47. The company has a 50 day moving average price of C$29.88 and a 200-day moving average price of C$22.11. CI Financial has a 52 week low of C$13.87 and a 52 week high of C$31.41. The firm has a market capitalization of C$4.39 billion, a PE ratio of -115.15, a P/E/G ratio of 0.04 and a beta of 1.67.

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.