Canaccord Genuity Group (TSE:CF) Cut to Outperform at Raymond James Financial

Canaccord Genuity Group (TSE:CF) was downgraded by equities researchers at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a research report issued on Monday,BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. 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 report on Friday, June 5th. ATB Cormark Capital Markets lifted their price objective on Canaccord Genuity Group from C$18.25 to C$19.50 and gave the company an “outperform” rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$17.33.

Canaccord Genuity Group Stock Performance

Shares of Canaccord Genuity Group stock traded down C$0.50 during trading hours on Monday, hitting C$13.87. 443,153 shares of the company were exchanged, compared to its average volume of 207,474. Canaccord Genuity Group has a 1 year low of C$9.48 and a 1 year high of C$15.55. The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 104.59. The business has a 50-day moving average of C$14.44 and a 200-day moving average of C$13.05. The stock 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 posted 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 5.94% and a negative return on equity of 17.40%. The firm had revenue of C$577.43 million for the quarter. As a group, analysts expect that Canaccord Genuity Group will post 0.8618357 EPS for the current fiscal year.

Insider Activity at Canaccord Genuity Group

In related news, Director Donald Duncan Macfayden sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of C$14.59, for a total transaction of C$291,800.00. Following the sale, the director owned 141,705 shares of the company’s stock, valued at approximately C$2,067,475.95. The trade was a 12.37% decrease in their ownership of the stock. 4.61% of the stock is owned by company insiders.

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.