TD Securities Forecasts Strong Price Appreciation for Canaccord Genuity Group (TSE:CF) Stock

Canaccord Genuity Group (TSE:CF) had its target price increased by research analysts at TD Securities from C$10.00 to C$12.00 in a report issued on Tuesday,BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 20.00% from the company’s previous close.

CF has been the subject of several other reports. Ventum Cap Mkts raised shares of Canaccord Genuity Group to a “strong-buy” rating in a research report on Monday, August 12th. Ventum Financial raised their price target on Canaccord Genuity Group from C$10.25 to C$12.00 in a research note on Monday. Finally, Raymond James boosted their target price on Canaccord Genuity Group from C$11.00 to C$13.00 in a report on Monday.

Canaccord Genuity Group Stock Performance

Shares of CF stock traded down C$0.10 during trading hours on Tuesday, hitting C$10.00. The company’s stock had a trading volume of 111,240 shares, compared to its average volume of 131,781. Canaccord Genuity Group has a 12-month low of C$6.50 and a 12-month high of C$10.50. The stock has a market cap of C$966.70 million, a PE ratio of -100.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a 50 day moving average of C$9.20 and a 200 day moving average of C$8.86. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 52.93.

Canaccord Genuity Group (TSE:CF) last posted its quarterly earnings results on Thursday, November 7th. The financial services provider reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.22 by C($0.02). Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. The company had revenue of C$428.64 million during the quarter, compared to analyst estimates of C$440.60 million. On average, sell-side analysts forecast that Canaccord Genuity Group will post 0.8618357 EPS for the current fiscal year.

About Canaccord Genuity Group

Canaccord Genuity Group Inc operates as a full-service investment dealer in Canada, the United States, the United Kingdom, Europe, Crown Dependencies, and Australia. It operates through two segments: Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, and trading services for corporate, institutional, and government clients.