Ventum Financial Issues Positive Forecast for Canaccord Genuity Group (TSE:CF) Stock Price

Canaccord Genuity Group (TSE:CF) had its price objective increased by Ventum Financial from C$15.50 to C$16.50 in a research report report published on Friday morning,BayStreet.CA reports. Ventum Financial currently has a buy rating on the financial services provider’s stock.

Separately, TD Securities increased their target price on Canaccord Genuity Group from C$14.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Canaccord Genuity Group has an average rating of “Buy” and a consensus price target of C$16.25.

Canaccord Genuity Group Stock Performance

Shares of CF opened at C$13.68 on Friday. The business’s fifty day simple moving average is C$12.34 and its two-hundred day simple moving average is C$12.03. The company has a current ratio of 9.53, a quick ratio of 1.05 and a debt-to-equity ratio of 176.73. Canaccord Genuity Group has a 12 month low of C$9.01 and a 12 month high of C$14.50. The company has a market cap of C$1.37 billion, a price-to-earnings ratio of -9.43, a P/E/G ratio of 0.54 and a beta of 1.32.

Canaccord Genuity Group (TSE:CF) last issued its earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 EPS for the quarter. Canaccord Genuity Group had a negative return on equity of 17.40% and a negative net margin of 5.94%.The business had revenue of C$612.69 million for the quarter. Research analysts anticipate that Canaccord Genuity Group 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.