Raymond James Forecasts Strong Price Appreciation for Canaccord Genuity Group (TSE:CF) Stock

Canaccord Genuity Group (TSE:CF) had its price target hoisted by analysts at Raymond James from C$11.00 to C$13.00 in a research note issued on Monday,BayStreet.CA reports.

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

Canaccord Genuity Group Price Performance

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 has a twelve month low of C$6.50 and a twelve month high of C$10.50. The business’s 50-day simple moving average is C$9.24 and its 200 day simple moving average is C$8.87. The stock has a market cap of C$967.67 million, a P/E ratio of -100.00, a PEG ratio of 0.54 and a beta of 1.61.

Canaccord Genuity Group (TSE:CF) last posted 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). The firm had revenue of C$428.64 million for the quarter, compared to analyst estimates of C$440.60 million. Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. As a group, sell-side analysts anticipate 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.