Canaccord Genuity Group (TSE:CF) Releases Quarterly Earnings Results

Canaccord Genuity Group (TSE:CF) announced its earnings results on Wednesday. The financial services provider reported C$0.48 earnings per share for the quarter, FiscalAI reports. Canaccord Genuity Group had a negative net margin of 9.85% and a negative return on equity of 25.39%. The business had revenue of C$612.69 million during the quarter.

Canaccord Genuity Group Price Performance

Shares of TSE CF opened at C$13.38 on Friday. Canaccord Genuity Group has a twelve month low of C$8.70 and a twelve month high of C$14.50. The firm has a fifty day simple moving average of C$12.29 and a 200 day simple moving average of C$12.02. The company has a market capitalization of C$1.34 billion, a PE ratio of -6.14, a P/E/G ratio of 0.54 and a beta of 1.41. The company has a quick ratio of 1.05, a current ratio of 1.19 and a debt-to-equity ratio of 200.72.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted their target price on shares of Canaccord Genuity Group from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Canaccord Genuity Group currently has a consensus rating of “Buy” and an average target price of C$16.00.

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.