Keefe, Bruyette & Woods Issues Positive Forecast for CI Financial (TSE:CIX) Stock Price

CI Financial (TSE:CIX) had its price objective increased by Keefe, Bruyette & Woods from C$21.00 to C$28.00 in a report released on Monday,BayStreet.CA reports.

Other research analysts have also issued research reports about the stock. TD Securities boosted their target price on shares of CI Financial from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group boosted their price objective on CI Financial from C$20.00 to C$27.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Scotiabank raised their target price on CI Financial from C$25.00 to C$26.00 in a report on Friday. Raymond James increased their price objective on CI Financial from C$22.00 to C$27.00 in a research report on Friday. Finally, BMO Capital Markets boosted their target price on shares of CI Financial from C$22.00 to C$25.00 in a research report on Friday. Four research 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 an average rating of “Moderate Buy” and an average target price of C$24.50.

CI Financial Trading Down 0.7 %

Shares of CIX stock opened at C$23.92 on Monday. CI Financial has a 12 month low of C$13.59 and a 12 month high of C$24.95. The company has a market cap of C$3.38 billion, a PE ratio of -88.59, 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. The business’s 50 day moving average is C$20.55 and its two-hundred day moving average is C$17.29.

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.