Canaccord Genuity Group (TSE:CF) Stock Price Expected to Rise, TD Securities Analyst Says

Canaccord Genuity Group (TSE:CF) had its price objective raised by TD Securities from C$14.00 to C$16.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. TD Securities’ price target would suggest a potential upside of 20.66% from the company’s current price.

Canaccord Genuity Group Stock Down 0.2%

CF stock traded down C$0.02 during midday trading on Wednesday, reaching C$13.26. 469,720 shares of the company were exchanged, compared to its average volume of 167,024. The company has a market cap of C$1.32 billion, a price-to-earnings ratio of -4.98, a price-to-earnings-growth ratio of 0.54 and a beta of 1.25. The company has a debt-to-equity ratio of 117.91, a quick ratio of 1.05 and a current ratio of 1.23. Canaccord Genuity Group has a 1-year low of C$7.45 and a 1-year high of C$13.82. The stock’s 50-day simple moving average is C$11.70 and its 200 day simple moving average is C$11.10.

Canaccord Genuity Group (TSE:CF) last posted its earnings results on Friday, February 13th. The financial services provider reported C$0.18 EPS for the quarter. Canaccord Genuity Group had a negative net margin of 1.33% and a negative return on equity of 2.33%. The firm had revenue of C$637.86 million for the quarter. On average, equities analysts forecast that Canaccord Genuity Group will post 0.8618357 earnings per share for the current year.

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.