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

CI Financial (TSE:CIX) had its target price upped by Raymond James from C$27.00 to C$32.00 in a research report report published on Tuesday,BayStreet.CA reports.

A number of other research analysts have also issued reports on the company. BMO Capital Markets boosted their price target on CI Financial from C$22.00 to C$25.00 in a research report on Friday, November 15th. TD Securities lowered shares of 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 research report on Tuesday. Keefe, Bruyette & Woods raised their target price on shares of CI Financial from C$21.00 to C$28.00 in a research note on Monday, November 18th. Jefferies Financial Group upped their price target on shares of CI Financial from C$20.00 to C$27.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Scotiabank raised their price objective on shares of CI Financial from C$25.00 to C$26.00 in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, CI Financial presently has an average rating of “Hold” and an average price target of C$27.94.

CI Financial Stock Performance

CIX opened at C$31.05 on Tuesday. CI Financial has a twelve month low of C$13.87 and a twelve month high of C$31.41. The stock has a market cap of C$4.39 billion, a PE ratio of -115.00, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The business’s 50 day moving average is C$22.17 and its 200-day moving average is C$17.90. The company has a current ratio of 0.34, a quick ratio of 0.17 and a debt-to-equity ratio of 577.47.

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.