CI Financial (TSE:CIX) Stock Passes Above 200 Day Moving Average of $19.99
CI Financial Corp (TSE:CIX) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.99 and traded as high as $21.09. CI Financial shares last traded at $21.09, with a volume of 121,564 shares traded.
Several equities research analysts have weighed in on CIX shares. CIBC reduced their price objective on CI Financial from C$22.00 to C$21.00 in a research note on Friday, August 9th. BMO Capital Markets boosted their price objective on CI Financial from C$22.00 to C$23.00 in a research note on Friday, November 8th. Finally, TD Securities boosted their price objective on CI Financial from C$20.00 to C$21.00 and gave the stock a “hold” rating in a research note on Friday, November 8th.
The stock has a market cap of $4.74 billion and a P/E ratio of 9.57. The business has a 50 day moving average price of C$19.45 and a 200 day moving average price of C$20.01. The company has a quick ratio of 0.64, a current ratio of 1.12 and a debt-to-equity ratio of 107.56.
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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