Canaccord Genuity Group (TSE:CF) Sets New 12-Month High – Here’s What Happened

Shares of Canaccord Genuity Group Inc. (TSE:CF – Get Free Report) reached a new 52-week high during 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. The stock had previously closed at C$13.99.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CF shares. TD Securities lifted 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 note on Wednesday, February 18th. Ventum Financial boosted their price objective on shares of Canaccord Genuity Group from C$15.50 to C$16.50 and gave the company a “buy” rating in a research report on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$16.25.

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Canaccord Genuity Group Stock Performance

The company has a market capitalization of C$1.45 billion, a PE ratio of -9.94, a PEG ratio of 0.54 and a beta of 1.32. The company has a current ratio of 9.53, a quick ratio of 1.05 and a debt-to-equity ratio of 176.73. The firm’s 50-day simple moving average is C$12.52 and its 200-day simple moving average is C$12.11.

Canaccord Genuity Group (TSE:CF – Get Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 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 business had revenue of C$612.69 million during the quarter. On average, research analysts predict that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current year.

About Canaccord Genuity Group

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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.

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