TD Securities Boosts Canaccord Genuity Group (TSE:CF) Price Target to C$12.00

Canaccord Genuity Group (TSE:CF) had its target price boosted by equities research analysts at TD Securities from C$10.00 to C$12.00 in a note issued to investors on Tuesday,BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 17.07% from the stock’s previous close.

CF has been the topic of a number of other research reports. Raymond James upped their price objective on Canaccord Genuity Group from C$11.00 to C$13.00 in a research note on Monday. Ventum Cap Mkts upgraded shares of Canaccord Genuity Group to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Ventum Financial boosted their price objective on shares of Canaccord Genuity Group from C$10.25 to C$12.00 in a research note on Monday.

Canaccord Genuity Group Stock Up 2.4 %

Canaccord Genuity Group stock opened at C$10.25 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 52.93. Canaccord Genuity Group has a 1-year low of C$6.50 and a 1-year high of C$10.50. The company has a fifty day simple moving average of C$9.29 and a 200 day simple moving average of C$8.88. The company has a market cap of C$990.87 million, a P/E ratio of -102.50, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

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