Canaccord Genuity Group (TSE:CF) Price Target Raised to C$12.50

Canaccord Genuity Group (TSE:CF) had its target price boosted by equities researchers at Cormark from C$11.50 to C$12.50 in a research note issued on Tuesday,BayStreet.CA reports. Cormark’s price target indicates a potential upside of 25.00% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Ventum Financial upped their target price on shares of Canaccord Genuity Group from C$10.25 to C$12.00 in a report on Monday. TD Securities raised their price objective on Canaccord Genuity Group from C$10.00 to C$12.00 in a report on Tuesday. Ventum Cap Mkts upgraded shares of Canaccord Genuity Group to a “strong-buy” rating in a report on Monday, August 12th. Finally, Raymond James raised their target price on Canaccord Genuity Group from C$11.00 to C$13.00 in a research note on Monday.

Canaccord Genuity Group Stock Down 1.0 %

Shares of TSE CF traded down C$0.10 during trading hours on Tuesday, hitting C$10.00. The company had a trading volume of 111,240 shares, compared to its average volume of 131,781. The stock has a market capitalization of C$966.70 million, a P/E ratio of -100.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The firm’s 50 day moving average is C$9.20 and its 200-day moving average is C$8.86. Canaccord Genuity Group has a 1-year low of C$6.50 and a 1-year high of C$10.50. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 52.93.

Canaccord Genuity Group (TSE:CF) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.02). Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. The firm had revenue of C$428.64 million during the quarter, compared to the consensus estimate of C$440.60 million. On average, analysts expect that Canaccord Genuity Group will post 0.8618357 earnings per share for the current fiscal year.

About Canaccord Genuity Group

Canaccord Genuity Group Inc operates as a full-service investment dealer in Canada, the United States, the United Kingdom, Europe, Crown Dependencies, and Australia. It operates through two segments: Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, and trading services for corporate, institutional, and government clients.