CI Financial (TSE:CIX) had its price target raised by equities research analysts at Keefe, Bruyette & Woods from C$35.00 to C$36.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Keefe, Bruyette & Woods’ price objective points to a potential upside of 39.75% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the company. CIBC upped their price target on CI Financial from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Friday, November 12th. Scotiabank upped their price target on CI Financial from C$27.00 to C$32.00 in a research report on Tuesday, October 26th. upped their price target on CI Financial from C$32.50 to C$35.00 in a research report on Friday, November 12th. Royal Bank of Canada upped their price target on CI Financial from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research report on Friday, November 12th. Finally, BMO Capital Markets upped their price target on CI Financial from C$32.00 to C$35.00 in a research report on Friday, November 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, CI Financial presently has a consensus rating of “Buy” and a consensus price target of C$34.43.
Shares of CI Financial stock traded down C$0.30 during mid-day trading on Wednesday, reaching C$25.76. 101,700 shares of the stock traded hands, compared to its average volume of 646,918. The business has a 50-day moving average of C$27.73 and a 200 day moving average of C$25.81. CI Financial has a fifty-two week low of C$15.84 and a fifty-two week high of C$30.88. The stock has a market capitalization of C$5.09 billion and a PE ratio of 13.64. The company has a quick ratio of 0.50, a current ratio of 1.07 and a debt-to-equity ratio of 224.05.
CI Financial (TSE:CIX) last announced its earnings results on Thursday, November 11th. The company reported C$0.80 EPS for the quarter, missing analysts’ consensus estimates of C$0.81 by C($0.01). The business had revenue of C$661.30 million during the quarter. On average, equities research analysts expect that CI Financial will post 3.5899999 EPS for the current fiscal year.
In related news, Director Lorraine P. Blair sold 1,094 shares of the stock in a transaction that occurred on Friday, December 31st. The stock was sold at an average price of C$26.78, for a total value of C$29,294.48. Following the completion of the transaction, the director now directly owns 21,788 shares in the company, valued at C$583,425.99.
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.