Canaccord Genuity Group (TSE:CF) Given New C$16.50 Price Target at Ventum Financial

Canaccord Genuity Group (TSE:CF) had its price target hoisted by research analysts at Ventum Financial from C$15.50 to C$16.50 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Ventum Financial’s price objective points to a potential upside of 21.95% from the company’s current price.

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

Canaccord Genuity Group Price Performance

CF traded up C$0.15 during trading on Friday, reaching C$13.53. 474,900 shares of the stock were exchanged, compared to its average volume of 174,856. The business’s 50 day moving average price is C$12.29 and its two-hundred day moving average price is C$12.02. The company has a debt-to-equity ratio of 200.72, a current ratio of 1.19 and a quick ratio of 1.05. The company has a market capitalization of C$1.36 billion, a price-to-earnings ratio of -6.21, a P/E/G ratio of 0.54 and a beta of 1.41. Canaccord Genuity Group has a 1 year low of C$9.01 and a 1 year high of C$14.50.

Canaccord Genuity Group (TSE:CF) last posted its earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 EPS for the quarter. The company had revenue of C$612.69 million for the quarter. Canaccord Genuity Group had a negative return on equity of 25.39% and a negative net margin of 9.85%. As a group, equities research analysts anticipate that Canaccord Genuity Group will post 0.8618357 earnings per share for the current year.

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.