Canaccord Genuity Group (TSE:CF) Stock Price Up 11.9% – What’s Next?

Canaccord Genuity Group Inc. (TSE:CF)’s share price rose 11.9% on Thursday . The company traded as high as C$14.50 and last traded at C$14.40. Approximately 157,602 shares traded hands during trading, a decline of 2% from the average daily volume of 161,124 shares. The stock had previously closed at C$12.87.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CF. TD Securities increased their target price on 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. Ventum Financial increased their target price on Canaccord Genuity Group from C$15.50 to C$16.50 and gave the company a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Canaccord Genuity Group presently has an average rating of “Buy” and an average price target of C$16.25.

Canaccord Genuity Group Stock Up 2.2%

The firm has a 50-day simple moving average of C$12.34 and a 200 day simple moving average of C$12.03. The company has a debt-to-equity ratio of 176.73, a current ratio of 9.53 and a quick ratio of 1.05. The company has a market capitalization of C$1.37 billion, a PE ratio of -9.43, a price-to-earnings-growth ratio of 0.54 and a beta of 1.32.

Canaccord Genuity Group (TSE:CF) last posted its quarterly earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 EPS for the quarter. The business had revenue of C$612.69 million during the quarter. Canaccord Genuity Group had a negative return on equity of 17.40% and a negative net margin of 5.94%. On average, research analysts predict that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current fiscal 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.