Canaccord Genuity Group (TSE:CF) Price Target Raised to C$18.00 at TD

Canaccord Genuity Group (TSE:CF) had its target price raised by research analysts at TD from C$16.00 to C$18.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. TD’s target price points to a potential upside of 24.74% from the stock’s current price.

CF has been the topic of several other reports. ATB Cormark Capital Markets increased their price target on Canaccord Genuity Group from C$18.25 to C$19.50 and gave the stock an “outperform” rating in a research report on Monday. Ventum Financial lifted their target price on shares of Canaccord Genuity Group from C$15.50 to C$16.50 and gave the company a “buy” rating in a research report on Friday, June 5th. Finally, Raymond James Financial cut Canaccord Genuity Group from a “strong-buy” rating to an “outperform” rating in a research report on Monday. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$17.50.

Canaccord Genuity Group Stock Up 3.0%

Shares of CF traded up C$0.42 during mid-day trading on Tuesday, hitting C$14.43. 79,079 shares of the company traded hands, compared to its average volume of 207,473. The business has a 50 day moving average of C$14.46 and a 200 day moving average of C$13.06. The company has a market capitalization of C$1.45 billion, a PE ratio of -9.95, a price-to-earnings-growth ratio of 0.54 and a beta of 1.35. Canaccord Genuity Group has a 1-year low of C$9.60 and a 1-year high of C$15.55. The company has a quick ratio of 1.05, a current ratio of 8.03 and a debt-to-equity ratio of 179.85.

Canaccord Genuity Group (TSE:CF) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported C$0.36 earnings per share for the quarter. Canaccord Genuity Group had a negative net margin of 3.95% and a negative return on equity of 12.68%. The firm had revenue of C$577.43 million for the quarter. Equities research analysts anticipate that Canaccord Genuity Group will post 0.8618357 EPS for the current year.

Insider Transactions at Canaccord Genuity Group

In other Canaccord Genuity Group news, Director Donald Duncan Macfayden sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of C$14.59, for a total value of C$291,800.00. Following the transaction, the director owned 141,705 shares of the company’s stock, valued at C$2,067,475.95. This represents a 12.37% decrease in their ownership of the stock. Company insiders own 4.61% of the company’s stock.

About Canaccord Genuity Group

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.