Canaccord Genuity Group (TSE:CF) Releases Quarterly Earnings Results

Canaccord Genuity Group (TSE:CF) announced its quarterly earnings data on Wednesday. The financial services provider reported C$0.48 EPS for the quarter, FiscalAI reports. The firm had revenue of C$612.69 million for the quarter. Canaccord Genuity Group had a negative net margin of 9.85% and a negative return on equity of 25.39%.

Canaccord Genuity Group Trading Down 2.9%

Shares of CF opened at C$12.87 on Thursday. The company has a debt-to-equity ratio of 200.72, a current ratio of 1.19 and a quick ratio of 1.05. Canaccord Genuity Group has a 1 year low of C$8.70 and a 1 year high of C$13.82. The company has a 50 day simple moving average of C$12.25 and a two-hundred day simple moving average of C$12.00. The firm has a market cap of C$1.29 billion, a P/E ratio of -5.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.41.

Analysts Set New Price Targets

Separately, TD Securities raised their price objective on shares of Canaccord Genuity Group from C$14.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$16.00.

Canaccord Genuity Group Company Profile

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.