Scotiabank Issues Positive Forecast for CI Financial (TSE:CIX) Stock Price

CI Financial (TSE:CIX) had its target price lifted by Scotiabank from C$25.00 to C$26.00 in a report issued on Friday,BayStreet.CA reports.

CIX has been the topic of a number of other reports. Jefferies Financial Group lifted their price objective on shares of 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. TD Securities lifted their price objective on shares of CI Financial from C$26.00 to C$28.00 and gave the company a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, CI Financial has a consensus rating of “Moderate Buy” and an average target price of C$23.63.

CI Financial Stock Performance

CIX traded down C$0.44 on Friday, reaching C$24.08. The company had a trading volume of 422,000 shares, compared to its average volume of 422,825. CI Financial has a 1 year low of C$13.59 and a 1 year high of C$24.95. The stock has a market capitalization of C$3.40 billion, a PE ratio of -89.19, a P/E/G 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 stock has a 50-day moving average price of C$20.41 and a 200-day moving average price of C$17.24.

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.