Canaccord Genuity Group (TSE:CF) Given New C$19.50 Price Target at ATB Cormark Capital Markets

Canaccord Genuity Group (TSE:CF) had its price objective increased by equities research analysts at ATB Cormark Capital Markets from C$18.25 to C$19.50 in a report released on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the financial services provider’s stock. ATB Cormark Capital Markets’ price target indicates a potential upside of 40.59% from the company’s current price.

Separately, Ventum Financial upped 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 note on Friday, June 5th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Canaccord Genuity Group has a consensus rating of “Buy” and an average target price of C$17.33.

Canaccord Genuity Group Stock Down 3.5%

Shares of Canaccord Genuity Group stock traded down C$0.50 on Monday, reaching C$13.87. The company’s stock had a trading volume of 443,153 shares, compared to its average volume of 207,474. Canaccord Genuity Group has a 52 week low of C$9.48 and a 52 week high of C$15.55. The firm’s fifty day simple moving average is C$14.44 and its two-hundred day simple moving average is C$13.05. The company has a quick ratio of 1.05, a current ratio of 1.14 and a debt-to-equity ratio of 104.59. The company has a market capitalization of C$1.39 billion, a price-to-earnings ratio of -9.57, a P/E/G ratio of 0.54 and a beta of 1.35.

Canaccord Genuity Group (TSE:CF) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported C$0.36 EPS for the quarter. Canaccord Genuity Group had a negative return on equity of 17.40% and a negative net margin of 5.94%.The company had revenue of C$577.43 million for the quarter. Equities analysts anticipate that Canaccord Genuity Group will post 0.8618357 earnings per share for the current year.

Insider Activity

In related news, Director Donald Duncan Macfayden sold 29,000 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of C$14.82, for a total transaction of C$429,780.00. Following the completion of the sale, the director directly owned 161,705 shares in the company, valued at approximately C$2,396,468.10. The trade was a 15.21% decrease in their ownership of the stock. Insiders own 4.61% of the company’s stock.

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.