CIBC Boosts CI Financial (TSE:CIX) Price Target to C$25.00
CI Financial (TSE:CIX) had its price target raised by CIBC from C$21.00 to C$25.00 in a research note released on Tuesday morning, BayStreet.CA reports.
Several other research analysts also recently issued reports on the stock. TD Securities upped their price target on shares of CI Financial from C$20.00 to C$21.00 and gave the stock a hold rating in a report on Friday, November 8th. Canaccord Genuity upped their price target on shares of CI Financial from C$23.50 to C$25.00 in a report on Monday, November 25th. Royal Bank of Canada raised shares of CI Financial from an underperform rating to a sector perform rating and boosted their price objective for the stock from C$21.00 to C$23.00 in a research note on Friday, December 6th. Finally, BMO Capital Markets boosted their price objective on shares of CI Financial from C$22.00 to C$23.00 in a research note on Friday, November 8th.
Shares of TSE:CIX opened at C$24.36 on Tuesday. The company has a fifty day moving average of C$23.09 and a 200-day moving average of C$20.66. The company has a market capitalization of $5.38 billion and a PE ratio of 11.03. The company has a debt-to-equity ratio of 107.56, a quick ratio of 0.64 and a current ratio of 1.12. CI Financial has a 52-week low of C$17.71 and a 52-week high of C$24.54.
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.
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