Ventum Financial Forecasts Strong Price Appreciation for Canaccord Genuity Group (TSE:CF) Stock

Canaccord Genuity Group (TSE:CF) had its price target increased by investment analysts at Ventum Financial from C$10.25 to C$12.00 in a report issued on Monday,BayStreet.CA reports.

CF has been the subject of a number of other research reports. Ventum Cap Mkts upgraded Canaccord Genuity Group to a “strong-buy” rating in a research report on Monday, August 12th. TD Securities dropped their price target on Canaccord Genuity Group from C$11.00 to C$10.00 in a research report on Tuesday, August 13th. Finally, Raymond James dropped their price target on Canaccord Genuity Group from C$11.00 to C$10.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th.

Canaccord Genuity Group Stock Performance

The business has a 50-day simple moving average of C$9.24 and a two-hundred day simple moving average of C$8.87. The stock has a market capitalization of C$967.67 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 debt-to-equity ratio of 52.93, a current ratio of 1.21 and a quick ratio of 1.05. Canaccord Genuity Group has a 52-week low of C$6.50 and a 52-week high of C$10.50.

Canaccord Genuity Group (TSE:CF) last released its quarterly earnings data on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.02). Canaccord Genuity Group had a return on equity of 3.45% and a net margin of 0.18%. The business had revenue of C$428.64 million during the quarter, compared to analysts’ expectations of C$440.60 million. On average, analysts predict that Canaccord Genuity Group will post 0.8618357 EPS for the current 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.