Canaccord Genuity Group (TSE:CF) Trading 11.9% Higher – Time to Buy?

Canaccord Genuity Group Inc. (TSE:CF) traded up 11.9% during mid-day trading on Thursday . The stock traded as high as C$14.50 and last traded at C$14.40. 157,602 shares changed hands during trading, a decline of 2% from the average session volume of 161,124 shares. The stock had previously closed at C$12.87.

Analysts Set New Price Targets

Separately, TD Securities boosted their price objective 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. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Canaccord Genuity Group has an average rating of “Buy” and a consensus target price of C$16.00.

Canaccord Genuity Group Stock Performance

The stock has a market cap of C$1.36 billion, a P/E ratio of -6.22, a PEG ratio of 0.54 and a beta of 1.41. The company has a fifty day moving average of C$12.25 and a 200 day moving average of C$12.00. 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 (TSE:CF) last announced its earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 EPS for the quarter. Canaccord Genuity Group had a negative return on equity of 25.39% and a negative net margin of 9.85%.The firm had revenue of C$612.69 million for the quarter. On average, equities analysts predict that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current fiscal year.

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.