Canaccord Genuity Group (TSE:CF – Get Free Report) had its price objective upped by investment analysts at TD from C$16.00 to C$18.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the financial services provider’s stock. TD’s price objective would indicate a potential upside of 24.74% from the stock’s previous close.
A number of other equities research analysts also recently commented on the stock. Ventum Financial lifted their target price on shares of Canaccord Genuity Group from C$15.50 to C$16.50 and gave the stock a “buy” rating in a research report on Friday, June 5th. ATB Cormark Capital Markets lifted their price target on shares of Canaccord Genuity Group from C$18.25 to C$19.50 and gave the company an “outperform” rating in a report on Monday. Finally, Raymond James Financial lowered Canaccord Genuity Group from a “strong-buy” rating to an “outperform” rating in a research note on Monday. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$17.50.
Check Out Our Latest Report on CF
Canaccord Genuity Group Stock Up 3.0%
Canaccord Genuity Group (TSE:CF – Get Free Report) last issued its earnings results on Thursday, August 6th. The financial services provider reported C$0.36 earnings per share (EPS) for the quarter. Canaccord Genuity Group had a negative net margin of 3.95% and a negative return on equity of 12.68%. The business had revenue of C$577.43 million during the quarter. As a group, sell-side analysts anticipate that Canaccord Genuity Group will post 0.8618357 earnings per share for the current fiscal year.
Insider Buying and Selling at Canaccord Genuity Group
In related news, Director Donald Duncan Macfayden sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of C$14.59, for a total transaction of C$291,800.00. Following the completion of the sale, the director directly owned 141,705 shares of the company’s stock, valued at approximately C$2,067,475.95. This trade represents a 12.37% decrease in their position. Insiders own 4.61% of the company’s stock.
About Canaccord Genuity Group
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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