CI Financial (TSE:CIX) Stock Passes Above 200-Day Moving Average of $20.08

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 $20.08 and traded as high as $20.95. CI Financial shares last traded at $20.80, with a volume of 236,706 shares.

Several equities research analysts recently weighed in on the company. BMO Capital Markets increased their price target on CI Financial from C$22.00 to C$23.00 in a report on Friday, November 8th. Canaccord Genuity increased their price target on CI Financial from C$23.50 to C$25.00 in a report on Monday, November 25th. CIBC decreased their price target on CI Financial from C$22.00 to C$21.00 in a report on Friday, August 9th. Finally, TD Securities increased their price target on CI Financial from C$20.00 to C$21.00 and gave the stock a “hold” rating in a report on Friday, November 8th.

The company has a quick ratio of 0.64, a current ratio of 1.12 and a debt-to-equity ratio of 107.56. The company has a fifty day moving average of C$19.92 and a two-hundred day moving average of C$20.08. The stock has a market capitalization of $4.75 billion and a price-to-earnings ratio of 9.40.

In related news, Director Sheila A. Murray sold 11,300 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$20.85, for a total transaction of C$235,553.02. Following the completion of the sale, the director now directly owns 85,247 shares of the company’s stock, valued at C$1,777,007.81.

CI Financial Company Profile (TSE:CIX)

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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