CI Financial (TSE:CIX) Sets New 12-Month High – Should You Buy?

by · The Cerbat Gem

CI Financial Corp. (TSE:CIX – Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$24.25 and last traded at C$24.23, with a volume of 204958 shares traded. The stock had previously closed at C$23.63.

Analyst Ratings Changes

Several research analysts have recently commented on CIX shares. TD Securities lowered their price target on CI Financial from C$21.00 to C$20.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Jefferies Financial Group increased their price objective on 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$20.25.

Check Out Our Latest Stock Analysis on CIX

CI Financial Stock Performance

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 firm has a fifty day simple moving average of C$20.14 and a 200-day simple moving average of C$17.13. The company has a market cap of C$3.46 billion, a PE ratio of -87.52, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67.

CI Financial Company Profile

(Get Free Report)

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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