CI Financial (TSE:CIX) Downgraded by TD Securities to “Sell”

TD Securities cut shares of CI Financial (TSE:CIX) from a buy rating to a sell rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports. They currently have C$32.00 price objective on the stock, up from their prior price objective of C$28.00.

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

CI Financial Trading Up 0.1 %

TSE:CIX opened at C$31.05 on Tuesday. The company has a market capitalization of C$4.39 billion, a PE ratio of -115.00, a P/E/G ratio of 0.04 and a beta of 1.67. CI Financial has a 52-week low of C$13.87 and a 52-week high of C$31.41. The stock’s 50 day moving average price is C$22.17 and its 200 day moving average price is C$17.90. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47.

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.