Canaccord Genuity Group (TSE:CF) Reaches New 12-Month High – Should You Buy?

Canaccord Genuity Group Inc. (TSE:CF) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$14.43 and last traded at C$14.42, with a volume of 380011 shares traded. The stock had previously closed at C$13.99.

Analyst Ratings Changes

CF has been the topic of a number of recent analyst reports. TD Securities boosted their price target on shares of Canaccord Genuity Group from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Ventum Financial boosted their price target on shares of Canaccord Genuity Group from C$15.50 to C$16.50 and gave the stock a “buy” rating in a research report on Friday, June 5th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$16.25.

Canaccord Genuity Group Stock Up 3.1%

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 stock’s 50-day moving average is C$12.57 and its 200-day moving average is C$12.13. The company has a market cap of C$1.45 billion, a price-to-earnings ratio of -9.94, a P/E/G ratio of 0.54 and a beta of 1.32.

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

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.