ATB Cormark Capital Markets Boosts Canaccord Genuity Group (TSE:CF) Price Target to C$19.50

Canaccord Genuity Group (TSE:CFGet Free Report) had its price target lifted by equities research analysts at ATB Cormark Capital Markets from C$18.25 to C$19.50 in a research note issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the financial services provider’s stock. ATB Cormark Capital Markets’ price objective points to a potential upside of 40.59% from the stock’s current price.

Separately, Ventum Financial lifted their price target 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. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Canaccord Genuity Group currently has a consensus rating of “Buy” and a consensus target price of C$17.33.

Check Out Our Latest Analysis on CF

Canaccord Genuity Group Price Performance

Shares of CF traded down C$0.50 during midday trading on Monday, reaching C$13.87. The stock had a trading volume of 443,153 shares, compared to its average volume of 207,474. The company has a market capitalization of C$1.39 billion, a price-to-earnings ratio of -9.57, a price-to-earnings-growth ratio of 0.54 and a beta of 1.35. The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 104.59. Canaccord Genuity Group has a 12-month low of C$9.48 and a 12-month high of C$15.55. The company’s 50-day moving average is C$14.44 and its 200 day moving average is C$13.05.

Canaccord Genuity Group (TSE:CFGet Free Report) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported C$0.36 EPS for the quarter. The business had revenue of C$577.43 million during the quarter. Canaccord Genuity Group had a negative return on equity of 17.40% and a negative net margin of 5.94%. On average, equities analysts predict that Canaccord Genuity Group will post 0.8618357 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Donald Duncan Macfayden sold 20,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of C$14.59, for a total transaction of C$291,800.00. Following the sale, the director directly owned 141,705 shares of the company’s stock, valued at approximately C$2,067,475.95. This represents a 12.37% decrease in their position. Company insiders own 4.61% of the company’s stock.

Canaccord Genuity Group Company Profile

(Get Free Report)

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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