Canaccord Genuity Group (TSE:CF) Shares Up 11.9% – Time to Buy?

Canaccord Genuity Group Inc. (TSE:CF) shares shot up 11.9% during trading on Thursday . The company traded as high as C$14.50 and last traded at C$14.40. 157,602 shares changed hands during trading, a decline of 2% from the average session volume of 161,124 shares. The stock had previously closed at C$12.87.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted their target price on Canaccord Genuity Group from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$16.00.

Canaccord Genuity Group Stock Performance

The company has a quick ratio of 1.05, a current ratio of 1.19 and a debt-to-equity ratio of 200.72. The stock has a 50 day simple moving average of C$12.25 and a 200 day simple moving average of C$12.00. The company has a market capitalization of C$1.36 billion, a price-to-earnings ratio of -6.22, a P/E/G ratio of 0.54 and a beta of 1.41.

Canaccord Genuity Group (TSE:CF) last issued its earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 EPS for the quarter. Canaccord Genuity Group had a negative return on equity of 25.39% and a negative net margin of 9.85%.The company had revenue of C$612.69 million during the quarter. As a group, analysts anticipate that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current fiscal year.

Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries.