Canaccord Genuity Group Inc. (TSE:CF - Get Free Report)'s stock price fell 6.4% during trading on Wednesday . The company traded as low as C$8.62 and last traded at C$9.00. 126,802 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 183,227 shares. The stock had previously closed at C$9.62.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on CF shares. Ventum Financial increased their target price on Canaccord Genuity Group from C$10.25 to C$12.00 in a research note on Monday, November 11th. Raymond James lifted their price objective on Canaccord Genuity Group from C$11.00 to C$13.00 in a research report on Monday, November 11th. Cormark lifted their price target on shares of Canaccord Genuity Group from C$11.50 to C$12.50 in a report on Tuesday, November 12th. Finally, TD Securities downgraded Canaccord Genuity Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday.
Get Our Latest Analysis on Canaccord Genuity Group
Canaccord Genuity Group Price Performance
The company has a 50 day moving average of C$9.96 and a two-hundred day moving average of C$9.46. The firm has a market cap of C$825.56 million, a P/E ratio of -85.40, a PEG ratio of 0.54 and a beta of 1.61. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 52.93.
Canaccord Genuity Group (TSE:CF - Get Free Report) last issued its earnings results on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share for the quarter, missing analysts' consensus estimates of C$0.22 by C($0.02). The business had revenue of C$428.64 million for the quarter, compared to the consensus estimate of C$440.60 million. Canaccord Genuity Group had a return on equity of 3.45% and a net margin of 0.18%. Sell-side analysts expect that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current year.
Canaccord Genuity Group Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Canaccord Genuity Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canaccord Genuity Group wasn't on the list.
While Canaccord Genuity Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
