Canaccord Genuity Group (TSE:CF) Given New C$13.00 Price Target at Raymond James

Canaccord Genuity Group (TSE:CF) had its price objective lifted by equities research analysts at Raymond James from C$11.00 to C$13.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. Ventum Financial raised their target price on Canaccord Genuity Group from C$10.25 to C$12.00 in a research note on Monday. TD Securities decreased their target price on Canaccord Genuity Group from C$11.00 to C$10.00 in a research note on Tuesday, August 13th. Finally, Ventum Cap Mkts raised Canaccord Genuity Group to a “strong-buy” rating in a research note on Monday, August 12th.

Canaccord Genuity Group Stock Performance

Canaccord Genuity Group has a 52 week low of C$6.50 and a 52 week high of C$10.50. The company has a market capitalization of C$967.67 million, a PE ratio of -100.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The stock has a 50-day simple moving average of C$9.24 and a two-hundred day simple moving average of C$8.87. The company has a debt-to-equity ratio of 52.93, a quick ratio of 1.05 and a current ratio of 1.21.

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